Dublin, Ireland (PRWEB) June 26, 2010
Commenting on the news, Gary Quaggan, Head of Retail Service & Operations at Anglo, said: "Receiving this accolade is a fantastic achievement for us, particularly as this is now the sixth time in the last seven years that our international business has received a much coveted award from Moneyfacts. In receiving this endorsement, it further cements Anglo's position as a leading provider of offshore savings accounts in what is a very competitive and valuable market.
Moneyfacts is the largest independent publisher of personal finance data in the UK and their impartial data is highly valued by the financial services industry, the media, and the general public.
At Anglo in the Isle of Man, we are primarily a savings bank and therefore concentrate solely on offering a range of accounts which feature consistently competitive rates, with a low minimum balance for accounts that are easy to open and maintain. All this is underpinned with an excellent level of customer service. It all adds up to a great package which we believe makes us the premier provider of offshore savings accounts."
Offshore account customers remain important to Anglo following a challenging two years for the financial services sector as a whole. Notwithstanding this the Bank, reports a good inflow of new customers, increased retention of existing customers, with average account balances being maintained.
The Bank's clients are, in the main, UK Expats (working or retired) or nationals of other countries who are working away from home, but who have the opportunity to take advantage of offshore accounts for their hard earned savings.
In uncertain times Anglo Irish Bank Corporation (International) PLC believes that with offshore banking in mind, it benefits from being based in the Isle of Man which has one of the best financial regulatory regimes in the world. The Isle of Man has an AAA rating and a very stable government with it being able to claim the world's oldest continuous parliament, dating back over 1,000 years.
Looking to the future, Gary Quaggan said, "Typically savers want to place their offshore savings accounts with someone who is committed to offering competitive and sustainable rates, user friendly terms and conditions, a personal service, and one which is prudently managed. We believe that Anglo provides just that winning combination, and will continue to do so in the future."
The material contained in this article is for general information purposes only and does not constitute investment advice or an offer to buy or sell or a solicitation of any investment products or other financial product or service. You should not act or refrain from acting on the basis of any material contained in this article without seeking appropriate professional advice. All information is provided "as is" and without warranties express or implied and Anglo Irish Bank Corporation Limited accepts no liability whatsoever for any inaccuracies, errors, omissions, opinions or misleading information or for any action taken or not taken in reliance on the information in this message. Any expressions of opinion are current opinions as at the date of publication and are subject to change without notice.
Anglo Irish Bank Corporation Limited is regulated by the Financial Regulator in Ireland.
News update released by:
Group Marketing & Communications
Anglo Irish Bank Corporation Limited
18/21 St. Stephens Green
+ 353 1 6162000
Anglo Irish Bank Corporation (International) PLC is licensed by the Isle of Man Financial Supervision Commission. Registered number: 037910C