“I am delighted that Anglo Irish Bank has won the award for Bank of the Year 2007 for Ireland,” says chief executive David Drumm. “We have a business strategy that has remained clear and focused over the past two decades. Through its consistent execution, the bank has delivered high-quality, controlled growth. Our coherent portfolio of businesses – business lending, treasury and wealth management – is complimentary in delivering ongoing growth for the bank and superior shareholder return.
“The bank’s model features organic growth, low-risk secured term lending, superior customer service, a centralised and efficient cost base, a diversified capital and funding base, and quality employees. The group’s fundamental strategy continues to focus on its core businesses in our chosen markets. We have significantly grown our loan books over the past year in Ireland (46%), the UK (37%) and the US (85%), thereby capitalising on the considerable organic growth opportunities in each of these markets.
“Anglo Irish Bank continues to deliver a superior service to our clients, driven by our focus on relationships, speedy decision making and ability to execute flexible, tailored solutions. Our unique service offering has left us well placed to continue to deliver record lending growth, to deepen customer loyalty and to generate significant quality new business referrals.”
