Allied Irish Banks PLC said Thursday that it would increase the number of its American depositary receipts in a 3-for-1 split.

That should increase liquidity and make shares more accessible to investors in the United States, said Frank Bramble, the chairman and chief executive officer of Allied Irish's U.S. division and its principal subsidiary, First Maryland Bancorp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.