Statement in relation to Permanent Bank International

 

15th December 2017

Permanent Bank International Limited, which was licensed under Section 7 of the Financial Services Act 2008, has surrendered its licence with effect from 15 December 2017.

 

With immediate effect, the affairs of Permanent Bank International Limited will be administered by Dixcart Management (IOM) Limited (“Dixcart”) to whom all future communication must be directed:

 

Post to:

PBI Ltd,
c/o Dixcart Management (IOM) Limited,
69 Athol Street,
Douglas,
Isle of Man IM1 1JE.



By Email to:       
[email protected]

As you can appreciate, for security reasons Dixcart cannot communicate with you about specific account details by email.

 

 

By Phone to:      (+)44 1624 649097

Please ensure you have full details of your old account when you call as you will be asked security questions to properly identify you over the phone.

 

 

By Fax to:            (+)44 1624 615603

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News

 

09 May 2017

permanenttsb Group has recently concluded a strategic review of its businesses, including Permanent Bank International Ltd (“PBI”).

Following the review, a decision has been taken to close PBI and begin an orderly wind-down process of the business. The Bank is in the process of notifying all customers of the decision and will start closing their accounts in the near future and will complete the process by end of 2017.

Speaking about the closure, Jeremy Masding, Group Chief Executive, said that “The Group’s focus is on growing market share in the Irish retail and SME markets. It was a difficult decision to wind down PBI given the long history it has in the Isle of Man and I would very much like to thank our excellent management team and staff for their contribution to the business. I would also like to take this opportunity to thank all of our customers for their ongoing support over the past 24 years.”