Isle of Man-based Anglo Irish Bank is to concentrate solely on its deposit and lending business afte...
Isle of Man-based Anglo Irish Bank is to concentrate solely on its deposit and lending business after transferring its investment business to financial services firm MAC Financial.
Mark Gaywood, director of Anglo Irish Bank, said: "We have decided to refocus our banking business on our personal deposit account portfolio.
"We feel we are primarily a deposit taking and lending bank and, while providing an investment service has proved successful, we feel it no longer fits in with our overall strategy.
"This move will enable us to focus on doing what we do best - provide consistently competitive interest rates, backed by a high level of personal service."
•Anglo Irish Bank to focus on its deposit and lending business
•Investment business transferred to MAC Financial
•Investment business no longer fits with strategy
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress