The new name for Anglo Irish Bank is the Irish Bank Resolution Corporation (IBRC).
The new name will be used by the financial entity emerging from the merger of Anglo Irish Bank and Irish Nationwide Building Society.
An order transferring all assets, liabilities and property of Irish Nationwide to Anglo was made by the High Court this morning. The company says the new name will come into use when all integration processes are complete.
Anglo chief executive Mike Aynsley said he believed the upcoming name change was of symbolic importance 'as we move on from the past and focus with energy and determination on the challenges ahead'.
The Irish Nationwide brand will cease to exist from today. INBS customers, however, do not have to take any action as a result of the transfer and can continue to operate their accounts as normal. The existing terms and conditions of their accounts will continue to apply.
All property held by Irish Nationwide is also included as part of today's transfer announcement.
Earlier this week, the European Commission gave its final approval to the restructuring plan for Anglo Irish Bank and Irish Nationwide, which involves winding them down over a ten-year period.
