AIB (NI): Difference between revisions

{{RefimproveMore citations needed|date=June 2007}}

| company_namename = FirstAIB Trust(NI)

| foundationtype = [[BelfastDivision (business)|Division]], of [[NorthernAIB Ireland]]Group (1991UK)|AIB Group (UK) plc]]

| foundation = 1991
| location = [[Belfast]], [[Northern Ireland]]

| key_people = JohnAdrian KiltyMoynihan, GeneralHead Managerof -AIB – Northern Ireland

| homepage = [http://www.firsttrustbank.co.uk/ www.firsttrustbank{{url|aibni.co.uk/]}}

'''FirstAIB Trust Bank(NI)''', part(formerly ofknown theas [[AIB'''First Group]],Trust Bank''') is a [[commercial bank]] in [[Northern Ireland]]. Itthat formsis part of [[Allied Irish Banks]]'s UK subsidiary [[AIB Group (UK)|AIB Group (UK) plc]]. It is one of the [[Big_Four_Big Four (banking)#Ireland|Big Four]] banks in Ireland. The bank was created in 1991 when ''[[Trustee Savings Bank|TSB]] Northern Ireland'' merged with the AIB Group's other interests. The bank can trace its existence back to [[1816 in Ireland|1816]] with the founding of the ''Belfast Savings Bank''. The bank iswas one of the four banks that issuesissued [[Pound Sterling]] [[banknotes]] in Northern Ireland until February 2019; First Trust notes are no longer legal currency since 30 June 2022. Allied Irish Banks confirmed plans to sell off the bank in April 2010 as part of plans to raise capital,<ref>{{cite news |title=First Trust staff 'shocked' at sale |work=[[BBC News]] |date=2 April 2010 |url=http://news.bbc.co.uk/1/hi/northern_ireland/8598265.stm}}</ref> however these plans were subsequently shelved and instead the bank announced investment plans starting in 2014.<ref>Oral evidence given by First Trust Bank at a Northern Ireland Affairs Committee hearing in the House of Commons on 29 January 2014. See p31 https://publications.parliament.uk/pa/cm201314/cmselect/cmniaf/uc650-xi/uc650xi.pdf</ref> The bank traded as First Trust Bank in Northern Ireland until November 2019.<ref>{{Cite web|url=http://www.northernirelandchamber.com/member-news/first-trust-bank-announces-will-rebrand-aib/|title=Northern Ireland Chamber of Commerce}}</ref>

Allied Irish Banks' UK division, with total assets of €15.1 billion (approx £10 billion),<ref name="accounts">[http://www.aibgroup.com/servlet/ContentServer?pagename=AIB_Investor_Relations/Miscellaneous/ir_article_printer&c=AIB_Article&cid=1096576948103&channel=IRFP AIB Investor Relations]</ref> operates in two distinct markets, [[Northern Ireland]] and [[Great Britain]] (where it operates as [[Allied Irish Bank (GB)]]), with different economies and operating environments. AIB Group (UK) p.l.c., registered in the [[United Kingdom|UK]] and regulated by the [[Financial ServicesConduct Authority]] and the [[Prudential Regulation Authority (United Kingdom)|Prudential Regulation Authority]], operates as the legal entity for the division.

[[Image:FirstTrust100.jpg|right|thumb|185px|A £100 First Trust Bank note.]]

In common with the other Big Four banks of Northern Ireland, the First Trust Bank retainsretained the right to issue its own banknotes, though production ceased on 30 June 2020.<ref>{{Cite Untilweb the|title=Banknote nameAnnouncement change- inAIB 1991,(NI) thesePersonal banknotesBanking bore|url=https://aib.ie/ the|access-date=2023-04-30 name|website=AIB Allied|language=en-GB}}</ref><ref Irishname="AIB">{{cite Bankweb|url=https://aibni.co.uk/banknotes/noteholders-uk|title= Information for Noteholders in the UK|access-date=24 July 2021}}</ref> These are [[pound sterling]] notes andbacked equalby intheir value toin [[Bank of England note issues|Bank of England notes]], and should not be confused with banknotes of the former [[Irish pound]].

Earlier note issues by the bank were made under the bank's previous names: the Provincial Bank of Ireland Ltd. (to 1976), Allied Irish Banks Ltd. (1977–1986), and Allied Irish Banks PLC (1987–1993).

First Trust Bank's currentfinal issue of notes depictdepicted two generic people, one male, one female. They appear as children on the £1 and £5 notes, as middle-aged on the £10 and £20, and finally as elderly on the £50 and £100. The obverse designs generally feature images associated with the [[Spanish Armada]], commemorating the [[Spanish Armada in Ireland|wrecking of 24 Armada ships]] off the coast of [[County Antrim]] in 1588:<ref>{{cite web|url=httphttps://www.bbc.co.uk/history/british/gal_coast_07.shtml|title=British Isles Coast Gallery By Mark Horton|publisher=BBC|accessdate=2008-10access-date=15 October 2008}}</ref><ref>{{cite web|url=http://www.northantrim.com/girona_tribute.htm|title=Giant's Causeway -– The Armada|publisher=NorthAntrim.com|accessdateaccess-date=31 October 2008|archive-10url=https://web.archive.org/web/20090215041838/http://www.northantrim.com/girona_tribute.htm|archive-31date=15 February 2009|url-status=dead}}</ref>

* 20 pound note featuring the chimney at Lacada Point, [[Giant's Causeway]], near [[Dunluce Castle|Dunluce]], County Antrim, where the Girona was wrecked.

* 50 pound note featuring a commemorative [[medal]]

*[http://www.firsttrustbankaibni.co.uk Official site]

[[Category:Banks of the United KingdomIreland]]