IRISH Nationwide (IOM) Limited has been rebranded as Permanent Bank International Ltd.

The bank, based on Athol Street in Douglas, was formed following the acquisition of Irish Nationwide by Irish Life and Permenant last year.

Carlton Freegard, the managing director of Permenant Bank International Ltd, explained: "We are proud to announce the establishment of the Permanent Bank International brand in the Isle of Man.

"The change of name not only reflects our new ownership but represents a new and exciting development for the bank, its customers, and the Island.

"We will draw upon our heritage and combine the best values of the mutual with those of the private bank to create a truly unique customer experience."

Permenant Bank International Ltd is based on the second floor of Britannia House and employs 11 staff – many of whom have been with the bank for more than a decade.

David Fulton, business development manager at Permanent Bank International, said: "The bank may be a new name and a new brand but our staff have a wealth of experience in banking on the Island. We have an excellent team of client focused staff each with their own clients."

For more information on Permanent Bank International call 01624 673373 or go to www.permanent-bank.com.