Alliance & Leicester plc
Alliance & Leicester plc is a British bank which was formerly a building society. Alliance & Leicester plc was formed by the flotation of the former Alliance & Leicester Building Society on the London Stock Exchange in 1997.
Alliance & Leicester plc products
- Mortgage lending
- Remortgage lending
- Investments
- Personal banking
- Commercial banking
- Treasury
Alliance & Leicester Services :-
- General insurance
- Life assurance
- Unit trusts
- Personal current accounts
- Credit cards
- Asset financing
- Commercial lending
Alliance & Leicesters main retail business is in the United Kingdom focusing on mortgages, current accounts, savings and personal loans.
The Group is also endeavouring to expand its commercial operations through ALCB (Alliance & Leicester Commercial Bank). The Group's provision of retail credit cards is through its partner MBNA, and its provision of investments and insurance are through Legal & General, and Zurich respectively.
Alliance & Leicester plc History
The former building society was formed by the merger of the Alliance Building Society (originally named the Brighton & Sussex) and the Leicester Building Society on October 1, 1985
In 1990, the society acquired Girobank, a major banking services provider to small businesses from the Post Office. With other large building societies such as the Halifax and Woolwich, the Alliance & Leicester decided to float the society on the London Stock Exchange, generating windfall payments to members worth up to £5,000 each.
Flotation took place on April 21, 1997, and the company entered the FTSE 100.
Alliance & Leicester are the principal sponsors of Leicester City F.C., with the club shirt carrying the logo.
Alliance & Leicester has a subsidiary operating in the international market and based on the Isle of Man.