##### Table of Contents

 

 

**Form 20-F**

 

**(Mark One)**

 

**OR**

 

**For the year ended December 31, 2007**

**OR**

 

**Commission file number 1-10284**

 

 

**Allied Irish Banks,**

**public limitedcompany**

 

 

 

 

**Securities registered or to be registered pursuant to Section 12(b) of the Act**

 

**Securities registered or to be registered pursuant to Section 12(g) of the Act.**

**None**

**Securities for which thereis a reporting obligation pursuant to Section 15(d) of the Act.**

**None**

**Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.**

 

**Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.  x**** Yes   ̈**** No**

**Indicate bycheck mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act.**

**Large accelerated filer  x****                 Accelerated filer   ̈****                 Non-accelerated filer   ̈******

**Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:**

**US GAAP   ̈****                IFRS  x****                Other   ̈******

**If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected tofollow.   ̈**** Item 17   ̈**** Item 18**

**If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   ̈**** Yes  x**** No**

 

 

 

Table of Contents
**ALLIED IRISH BANKS, p.l.c.**

**ANNUAL REPORT ON FORM 20-F**

**FOR THE YEAR ENDED DECEMBER 31, 2007**

**TABLE OF CONTENTS**

 

**Item**
 
**Item Caption**
  **Page****Number** 
REPORTING CURRENCY AND EXCHANGE RATES 
  1 
FORWARD-LOOKING INFORMATION 
  2 **Part I**  1 
IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISORS *(Not applicable)*
  2 
OFFER STATISTICS AND EXPECTED TIMETABLE (*Not applicable)*
  3 
KEY INFORMATION 
   
Selected financial data 
  3 
Risk factors 
  64 
INFORMATION ON THE COMPANY 
   
History and development of the company 
  8 
Business overview 
  9 
Organizational structure 
  10 
Description of property 
  255 
OPERATING AND FINANCIAL REVIEW AND PROSPECTS 
   
Critical accounting policies 
  26 
Operating results 
  27 
Liquidity and capital resources 
  50 
Off-balance sheet arrangements 
  52 
Trend information 
  566 
DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 
   
Directors and senior management 
  57 
Compensation 
  59 
Board practices 
  62 
Share ownership 
  63 
Corporate governance 
  67 
Employees 
  727 
MAJOR STOCKHOLDERS AND RELATED PARTY TRANSACTIONS 
   
Major stockholders 
  73 
Related party transactions 
  738 
FINANCIAL INFORMATION 
   
Consolidated statements and other financial information 
  74 
Significant changes 
  749 
THE OFFER AND LISTING 
   
Offer and listing details 
  76 
Markets 
  7610 
ADDITIONAL INFORMATION 
   
Memorandum and Articles of Association 
  77 
Exchange controls 
  79 
Taxation 
  8011 
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT RISK 
   
Risk management 
  83 
Loan portfolio 
  8912 
DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES *(Not applicable)*
   **Part II**  13 
DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 
  10714 
MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 
  10715 
CONTROLS AND PROCEDURES 
  10716A 
AUDIT COMMITTEE FINANCIAL EXPERT 
  10816B 
CODE OF ETHICS 
  10816C 
PRINCIPAL ACCOUNTANT FEES AND SERVICES 
  108 **Part III**  17 
FINANCIAL STATEMENTS 
  10918 & 19 
FINANCIAL STATEMENTS AND EXHIBITS 
  109 
SIGNATURES 
  201
Table of Contents
**REPORTING CURRENCY AND EXCHANGE RATES**

Allied Irish Banks, p.l.c. (“AIB” or the “Company”) and itssubsidiaries (collectively “AIB Group” or “Group”) publish consolidated financial statements in euro (€). 

In thisAnnual Report, references to “US dollars”, “dollars”, “US$”, “cents” or “¢” are to United States currency, references to “EUR”, “euro”, “€” or “c”are to euro currency, references to “sterling” or “Stg£” are to British currency, references to “zloty”, “PLN” or “zl” are to Polish currency and references to “Yen” are to Japanesecurrency. Merely for convenience, this Annual Report contains translation of certain euro amounts into dollars at specified rates. These translations should not be construed as representations that the euro amounts actually represent such dollaramounts or could be converted into dollars at the rate indicated or at any other rate. Unless otherwise indicated, the translations of euro into dollars have been made at €1.00 to US$1.5667, the noon buying rate in the City of New York forcable transfers in euro as certified for customs purposes by the Federal Reserve Bank of New York (“the noon buying rate”) on April 3, 2008. 

The following table shows, for the periods and dates indicated, certain information regarding the noon buying rate, expressed in US dollars per euro. 

 
   **Period**