3. Cumulative amounts transferred and reclaimed in respect of dormant accounts and unclaimed assurance policies
Dormant Accounts Fund
Financial Institutions – Dormant Accounts
| Institution | Opening Balance € 01/01/2015 |
Transferred | Reclaimed | Closing Balance € 31/12/2015 |
Interest paid |
|---|---|---|---|---|---|
| ACC Loan Management (formerly ACC Bank) | 6,404,666 | - | (175,904) | 6,228,762 | 424 |
| Allied Irish Banks plc | 72,486,245 | 6,444,624 | (1,405,961) | 77,524,908 | 10,609 |
| Barclays Bank Ireland plc | 344,025 | - | - | 344,025 | - |
| BNP Paribas SA | 83,575 | - | 83,575 | - | |
| Bank of America National Association | 154,778 | - | - | 154,778 | - |
| Bank of Ireland | 73,648,770 | 7,892,000 | (2,581,029) | 78,959,741 | 11,906 |
| Bank of Scotland plc | 567,088 | - | - | 567,088 | - |
| Citibank Europe plc | 28,700 | - | - | 28,700 | - |
| EBS Ltd | 18,111,235 | 4,140,866 | (1,222,114) | 21,029,987 | 95,905 |
| EAA Covered Bond Bank | 122,119 | - | - | 122,119 | - |
| KBC Bank Ireland plc | 786,096 | - | - | 786,096 | - |
| Irish Bank Resolution Corporation Ltd (in special liquidation) | 629,363 | - | - | 629,363 | - |
| Investec Bank plc | 1,618,938 | 71,290 | (682) | 1,689,546 | 10 |
| JP Morgan Bank (Ireland) plc | 48,897 | - | - | 48,897 | - |
| Danske Bank Plc | 6,021,995 | 594,801 | (94,631) | 6,522,165 | 213 |
| Permanent TSB plc | 40,917,350 | 4,585,197 | (1,242,520) | 44,260,027 | 9,216 |
| Pfizer International Bank | 32,619 | - | (2,105) | 30,514 | - |
| An Post - State Savings Products | 83,508,223 | 10,273,365 | (5,704,775) | 88,076,813 | 15,624 |
| An Post - Post Office Savings Bank | 37,569,979 | 3,570,517 | (429,880) | 40,710,616 | 32,721 |
| RBS NV (formerly ABN AMRO) | 35,455 | - | - | 35,455 | - |
| The Royal Bank of Scotland plc | 386,735 | 220 | - | 386,955 | - |
| Scotiabank (Ireland) Ltd | 92,953 | - | - | 386,953 | - |
| Ulster Bank Ireland Ltd | 26,139,485 | 3,985,457 | (454,413) | 29,670,529 | 243 |
| TOTAL UNCLAIMED ACCOUNTS | 369,739,289 | 41,558,337 | (13,314,014) | 397,983,612 | 176,871 |
Assurance Companies – Unclaimed Assurance Policies
| Institution | Opening Balance € 01/01/2015 |
Transferred | Reclaimed | Closing Balance € 31/12/2015 |
Interest paid |
|---|---|---|---|---|---|
| Specified Term Accounts: | |||||
| Ark Life Assurance Co. Ltd 1 | 602,660 | 307,299 | (75,198) | 834,761 | - |
| Aviva Life International Ltd | 3,442,708 | 420,759 | (263,637) | 3,599,830 | - |
| Equitable Life | 7,388 | - | - | 7,388 | - |
| Friends First Life Assurance Co. Ltd | 2,300,441 | 167,547 | (63,685) | 2,404,303 | - |
| Irish Life Assurance plc (including former Canada Life Ireland) | 7,046,826 | 1,871,021 | (283,163) | 8,634,684 | - |
| New Ireland Assurance Co. plc | 880,852 | - | - | 880,852 | - |
| Phoenix Life Ltd | 4,634,780 | 898,280 | (178,103) | 5,354,957 | - |
| The Royal London Mutual Insurance Society Ltd (including former Caledonian Life) 1 | 7,679,203 | 1,079,302 | (63,118) | 8,695,387 | - |
| St. James Place International plc | 10,649 | - | - | 10,649 | - |
| Scottish Legal Life | 602,366 | - | - | 602,366 | - |
| Standard Life International Ltd | 1,300,808 | 217,698 | - | 1,518,506 | - |
| Sun Life | 186,926 | 150,025 | - | 336,951 | - |
| Zurich Life Assurance plc | 1,257,415 | 537,121 | (80,522) | 1,714,014 | - |
| No Specified Term Accounts: | |||||
| Acorn Life Ltd | 32,804 | 69,391 | (17,958) | 84,237 | - |
| Ark Life Assurance Co. Ltd 1 | 608,991 | 579,029 | (87,420) | 1,100,600 | - |
| Aviva Life International Ltd | 2,010,317 | 1,361,314 | (143,436) | 3,228,195 | - |
| Equitable Life | - | 21,485 | - | 21,485 | |
| Friends First Life Assurance Co. Ltd | 1,225,562 | 63,624 | (3,917) | 1,285,269 | - |
| Irish Life Assurance plc (including former Canada Life Ireland) | 8,821,577 | 1,015,304 | (1,212,447) | 8,624,434 | - |
| New Ireland Assurance Co.plc | 11,416,740 | 1,172,627 | - | 12,589,367 | - |
| Phoenix Life Ltd | 490,241 | 68,664 | - | 558,905 | - |
| The Royal London Mutual Insurance Society Ltd (including former Caledonian Life) 1 | 10,431,337 | 1,236,352 | (540,183) | 11,127,506 | - |
| Scottish Legal Life | 538,684 | - | - | 538,684 | - |
| Standard Life International Ltd | 1,480,717 | 299,477 | (256,109) | 1,524,085 | - |
| Sun Life | 47,473 | 12,124 | - | 59,597 | - |
| Zurich Life Assurance plc | 2,409,992 | 565,111 | (237,604) | 2,737,499 | - |
| TOTAL UNCLAIMED POLICIES | 69,467,457 | 12,113,554 | (3,506,500) | 78,074,511 | - |
| The Escheated Estate Fund | 4,400,000 | - | - | 4,400,000 | - |
| Accrued Reclaims | (228,581) | 228,581 | (554,333) | (554,333) | 6,173 |
| GRAND TOTAL | 443,378,165 | 53,900,472 | (17,374,847) | 479,903,790 | 183,044 |
1 Opening balance adjusted to reflect a merger / re-organisation of entities or an instruction received to allocate the balance between specified and no specified term accounts.
The amounts transferred to the Fund included accounts denominated in currencies other than euro. The eff ect of revaluingthese accounts at the year end exchange rates would be to increase the total amount transferred to the Fund and not yet reclaimed by €1,305,252 from €479,903,790 to €481,209,042.