services founded 1935 founder alex mccabe headquarters the ebs building 2 burlington road dublin 4 ireland key people desmond fitzgerald managing director bernard byrne fidelma clarke tom foley denis o callaghan jim o hara catherine woods 1 products mortgages and commercial lending insurance savings & investments personal loans financial planning current accounts credit card facility revenue income before taxation 172 million ; total assets 13.9 billion 2013 number of employees 350 2013 slogan where family counts website ebs.ie ebs limited is a financial institution in ireland and was the country s largest building society until 1 july 2011 . ebs has more than 400 000 customers and distributes its products through a branch and franchised agency network . it handles direct business by telephone and the internet . the institution s previous name was educational building society which reflected the role played by school teachers in its establishment but educational was later replaced by ebs forming a redundant acronym . contents 1 history 2 emergency government rescue 3 see also 4 references history edit ebs building society was founded in 1935 by alex mccabe and other teachers to provide affordable housing finance for teachers and other civil servants . 2 ebs was one of the last two irish building societies owned by their members but since july 2011 has been a subsidiary of aib bank . with 74 branches throughout ireland ebs offers residential and commercial mortgages personal loans savings accounts investment products and a financial planning service . it formerly did not offer current accounts using its own resources and instead through an agreement with allied irish banks an atm card service was operated using aib s banklink system . this has now been withdrawn and a debit card is provided in conjunction with mastercard . similarly credit cards are offered in conjunction with mbna . ebs logo 1991 2011 in 2006 ebs became a tied insurance agent of irish life plc for the provision of life and investments products . all investment products sold through ebs are managed by irish life investment managers . during 2007 a wholly owned subsidiary was established . haven mortgages focusses exclusively on the broker market as a separate lender in its own right . in the 2004 and 2005 ireland great place to work awards ebs was named as the best company to work for in ireland with 500 1000 employees . in both these years ebs was also named as one of the top 100 best places to work in europe on 1 july 2011 ebs building society ceased to exist and after being granting a banking license and demutualising ebs building society became ebs ltd. a subsidiary of aib . emergency government rescue edit in june 2010 the european commission authorised the irish government to inject 875 million as emergency rescue aid into the society to combat the 2008 2011 irish banking crisis . this bailout money came with the demand that the ebs must submit a restructuring plan to the commission . 3 the european commissioner for competition joaqu n almunia said ebs needs a significant recapitalisation to comply and to continue to comply in the coming years with capital requirement rules . by march 2011 the total external bailout needed to save the institution was estimated at 1.5 billion . 4 see also edit list of acronyms european sovereign debt crisis references edit changes in the boardroom since onset of crisis irish times 2010 06 11 . retrieved 2010 08 25 . http www.ebs.ie site all about % 20us opendocument eu authorises 875m ebs cash injection banks need fresh 24 billion central bank . rte news . 31 march 2011 . retrieved 31 march 2011 . v t e building societies in the republic of ireland subsidiary leeds building society ireland nationwide uk ireland demutualised first national ics now part of bank of ireland irish permanent ebs a subsidiary of allied irish banks irish nationwide merged into irish bank resolution corporation retrieved from https en.wikipedia.org w index.php title ebs limited & oldid 705635319 categories building societies of the republic of irelandhidden categories use dmy dates from april 2014use irish english from april 2014all wikipedia articles written in irish english navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 18 february 2016 at 17 36 . text is available under the creative commons attribution sharealike license ; 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