Allied Irish Bank has strengthened its overseas presence with the taking over of corporate treasury centres in the jurisdictions of Luxembourg, Switzerland and Hungary.
The bank’s Capital Markets division will run the operations on behalf of international clients, managing forty operations in Hungary with an additional 25 centres in Switzerland and Luxembourg.
Talking to the Sunday Business Post at the weekend, chief executive of AIB Capital Markets Colm Doherty revealed that “low to zero tax rates” were the prime concern for companies looking at international corporate treasury management.
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