Bank’s briefings aim to beat downturn

Six hundred business people around the country have attended AIB economic briefings designed to provide business leaders with the information they need to tackle the downturn.

AIB is continuing to host these briefings across the country with up-to-date and relevant economic information designed to support business growth.

The sessions are hosted by members of AIB’s economic research unit along with key members of the commercial banking team, including the commercial banking deposit managers.

The briefings were organised in response to demand from customers who wanted more information on the unfolding euro crisis, said AIB’s commercial head of deposit strategy and implementation, Stephen Stack.

“From talking to our customers on a daily basis and based on recent research, we have identified the need to provide our clients with specific and regular economic information that will assist them with their financial decisions,” he said.

“These briefings are just one example of a range of supports in place for customers and non-customers alike from AIB’s economists who deliver a full suite of commentary, with daily updates via www.fxcentre.com.”

AIB’s chief bond economist, Oliver Mangan, said: “These briefings will allow customers gain more information on economic matters, with attendees being free to ask questions and look for more clarity as required.

“The Irish economy picked up in 2011 and while the economic climate remains challenging, there have been some encouraging trends in early 2012.”