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Irish Life & Permanent (IL&P) was formed in 1999 from the merger of Irish Life, Ireland’s largest life company, and Irish Permanent, the largest residential mortgage lender in Ireland. The group acquired TSB Bank in 2001. Irish Permanent and TSB Bank merged to create permanent tsb, the group’s retail banking division.

The group headquarters are in Dublin and it has more than 150 offices and 5,000 employees, mainly in Ireland with a small operation in the UK.