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Introduction to Financial Services
Finance & Accounting
Pages 6 (1506 words)
Introduction to Financial Services Table of Contents I. Introduction 3 II. Financial Performance 4 III. Strategy 7 IV. Conclusion 8 Works Cited 10 I. Introduction This paper is an examination of the financial performance as well as the business strategy of AIB.
The latter two correspond to its lines of businesses for individuals and for corporations. The most recent developments in the company’s operations and prospects include the disposal of its Latvian portfolio of mortgages to SwedBank AB, which occurred in February of 2012; the disposal of its AIB International Financial Services Limited and AIB Jerseytrust operations in 2011; the disposal of its stake in Bank Zachodni to Banco Santander SA in April 2011, comprising 70.4 percent of its total stake in that bank; the disposal of its 50 percent stake in BZ WBK AIB Asset Management likewise in April of 2011; and the acquisition of the EBS Building Society in July of 2011 (Google). It is noteworthy that while many of its activities are concentrated in Ireland, it has substantial presence in the UK, and also some presence in the United States, the latter in the form of CICB banking services on offer to corporations in the US, as well as in the UK. Moreover, it has a business segment focused solely on Northern Ireland and Greater Britain, in the form of its AIB UK business segment. This business segment is registered in the UK, and operates under the name of Allied Irish Bank GB. This business segment operates 28 full branches all over the UK, with regular banking services coupled with corporate and international banking (Reuters). ...
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