IL&P Group Holdings

Irish Nationwide Building Society Deposits

RNS Number : 8447B
Irish Life & Permanent Grp HldgsPLC
25 February 2011


Irish Life & Permanent Group Holdings plc


Statement on the Transfer of selected assets and liabilities from Irish Nationwide Building Society

25 February 2011




Irish Life & Permanent Group Holdings plc (the "Group") announces that pursuant to yesterday's Transfer Order (under the Credit Institutions (Stabilisation) Act 2010) issued by the High Court, Irish Nationwide Building Society ("INBS") has transferred selected assets and liabilities into the Group's banking business, Irish Life & Permanent plc, (t/a permanent tsb), (the "Transfer") which comprise €3.6bn of INBS deposits and the shares in INBS' Isle of Man subsidiary.

Under the Transfer of Undertakings Protection of Employees ("TUPE") legislation 237 employees of INBS have transferred to the Group with the selected INBS deposits. No branches of INBS were acquired.

The Group will make a further announcement in due course.



Contact details:





Help desk: 1850 522 522

Investor Relations


Barry Walsh, Head of Investor Relations

Tel: +353 1 704 2678


Orla Brannigan, Investor Relations    

Tel: +353 1 704 1345 




Ray Gordon, Gordon MRM

Tel: +353 1 665 0450



Web Sites


Irish Nationwide Building Society:


permanent tsb:                        


Irish Life & Permanent Group:  


This information is provided by RNS
The company news service from the London Stock Exchange