BOI -> BOIG Creditor?

[julian]

Have seen a letter advising an erstwhile BOI credit card defaulter (now SB) following the non-payment route that he is a creditor. "As a creditor he must by law be informed of the change to the structure of the bank which is now changing its name from Bank of Ireland to Bank of Ireland Group", or something.

It is very strange that a debtor should be transformed to a creditor.

Has anyone else received anything similar?