First Trust safe?

joeryan

Registered User
Messages
41
Hi,
Quick question: Is First Trust in Northern Ireland "safe"?

i.e. If I have a sterling account in NI with First Trust would it be as safe as one with Ulster Bank for example.

The relationship to AIB is what worries me... should it?

Thanks.
 
Well the bank is more likely to have problems. But a/cs are covered by the UK deposit guarantee so you will not lose your money either way.
 
First Trust are owned by AIB who are dependent on ECB/CBI emergency liquidity support for day to day liquidity and survival. RBS/Ulster is in better shape than AIB.
 
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