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Our Acquisitions

The growth of Anglo Irish Bank has been achieved organically and by selective acquisitions.

These acquisitions have included:

BAYERISCHE HYPO-UND VEREINSBANK - LOAN PORTFOLIO

A loan portfolio, consisting of high-quality investment property loans amounting to GBP56 million, was acquired in June 1999.

SMURFIT PARIBAS BANK LIMITED ("SPB")

SPB was acquired in March 1999. It had total assets of EUR321 million equivalent and net assets of EUR37 million equivalent at the time of acquisition.

CREDIT LYONNAIS (AUSTRIA) A.G. ("CLA")

This acquisition was completed in September 1998. CLA specialised in the provision of asset management and private banking services and represented a significant enhancement of the group's Austrian operations.

ANSBACHER BANKERS LIMITED

This acquisition was completed in March 1996. Ansbacher (not connected with Henry Ansbacher, London) was established in Ireland in 1950 and provided a full range of banking and investment services. At the time of its acquisition Ansbacher had total assets of EUR 241 million, a deposit portfolio of EUR 222 million and a loan book of EUR 98 million.

ALLIED DUNBAR - LOAN BOOK

In December 1995 a UK loan book portfolio of GBP69m was acquired from Allied Dunbar Assurance plc.

ANGLO IRISH BANK (AUSTRIA) A.G. (FORMALLY KNOW AS ROYAL TRUST BANK (AUSTRIA) A.G.))

This business, based in Vienna, was acquired from the Royal Bank of Canada in January 1995. It was subsequently renamed Anglo Irish Bank (Austria) A.G. This bank, based in Vienna had been in existence for more than 100 years. The business consisted of a well established internationally spread retail/private client base of 6,000 depositors.

 

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