Managed LIBOR Base Rate

Related Information:

Interest Rates

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British Bankers' Association

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Effective from close of business on 01/09/2010: 0.733%

The Bank's Managed LIBOR* Base Rate is a variable interest rate and accordingly will change from time to time. It is reviewed on a monthly basis as a minimum. The rate is determined on the last business day of each month using the average of the three month LIBOR rate published daily for that month. It is then rounded to 3 decimal places. Where a change to the Bank's Managed LIBOR Base Rate occurs it will become effective from the first business day of the following month.

For example: a new rate that will be effective from the first business day in June would have been calculated on the last business day in May based on the daily average of 3 month LIBOR in May.

* 'LIBOR' stands for the London Interbank Offered Rate. It is the most widely used benchmark or reference rate on the London wholesale money market. Further details of this can be obtained from the British Bankers' Association website (please also refer to the Related Information section for more information).

Allied Irish Bank (GB) is a trademark used under licence by AIB Group (UK) p.l.c. (a wholly owned subsidiary of Allied Irish Banks, p.l.c.) incorporated in Northern Ireland. Registered Office, 4 Queens Square, Belfast, BT1 3DJ. Registered Number, NI 18800. Authorised and regulated by the Financial Services Authority. Allied Irish Bank (GB) is a member of the Financial Services Compensation Scheme, established under the Financial Services and Markets Act 2000.

Allied Irish Bank (GB) subscribes to the Lending Code and is covered by the Financial Ombudsman Service. Details of the Lending Code are available on request from any Allied Irish Bank (GB) branch or from the Lending Standards Board.

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