Alliance & Leicester International
Encyclopedia
Alliance & Leicester International Limited (ALIL) has been part of Grupo Santander
since 2008 and is a wholly owned subsidiary of Santander UK plc. The bank offers a range of international savings accounts primarily to Isle of Man residents and British expatriates but also to non-domiciles living in the UK, Channel Island residents and expatriates worldwide. ALIL's range of accounts include Instant Access, Notice, Monthly Interest and Fixed Rate Bonds in sterling
, US dollars and euros.
. ALIL is one of the largest deposit takers in the Isle of Man with over £179 million in share capital
and reserves. ALIL's eSaver accounts, which were launched in 2007, were the first international savings accounts to offer a purely online application process with no 'wet’ signature.
On the 5 August 2011, the business of Bradford & Bingley International
, which was also part of the Santander Group, was transferred to Alliance & Leicester International ahead of the expiry of the trademark licence on the Bradford & Bingley name in September 2011.
Grupo Santander
The Santander Group is a banking group centered on Banco Santander, S.A., the largest bank in the Eurozone and one of the largest banks in the world in terms of market capitalisation. According to Forbes Magazine Global 2000, it is the 13th largest public company in the world...
since 2008 and is a wholly owned subsidiary of Santander UK plc. The bank offers a range of international savings accounts primarily to Isle of Man residents and British expatriates but also to non-domiciles living in the UK, Channel Island residents and expatriates worldwide. ALIL's range of accounts include Instant Access, Notice, Monthly Interest and Fixed Rate Bonds in sterling
Sterling
Sterling may refer to:* Sterling silver, a grade of silver* Pound sterling, the currency of the United Kingdom- Businesses :* Hotel Sterling, a former hotel in Wilkes-Barre, Pennsylvania, United States* Sterling Airlines...
, US dollars and euros.
History
The bank was formed in 1990 and is based in the Isle of ManIsle of Man
The Isle of Man , otherwise known simply as Mann , is a self-governing British Crown Dependency, located in the Irish Sea between the islands of Great Britain and Ireland, within the British Isles. The head of state is Queen Elizabeth II, who holds the title of Lord of Mann. The Lord of Mann is...
. ALIL is one of the largest deposit takers in the Isle of Man with over £179 million in share capital
Share capital
Share capital or issued capital or capital stock refers to the portion of a company's equity that has been obtained by trading stock to a shareholder for cash or an equivalent item of capital value...
and reserves. ALIL's eSaver accounts, which were launched in 2007, were the first international savings accounts to offer a purely online application process with no 'wet’ signature.
On the 5 August 2011, the business of Bradford & Bingley International
Bradford & Bingley International
Bradford & Bingley International was Bradford & Bingley's offshore finance armThe business of Bradford & Bingley International was transferred to Alliance & Leicester International on 5 August 2011. Both businesses have been part of Grupo Santander since 2008 and the transfer took place ahead of...
, which was also part of the Santander Group, was transferred to Alliance & Leicester International ahead of the expiry of the trademark licence on the Bradford & Bingley name in September 2011.