AIB ‘open’ to seeking pension payback from former directors
When tackled at the bank’s AGM yesterday on the subject of pension payments to directors who were in charge of the company at the time of the banking crisis, executive chairman David Hodgkinson said he would be “open” to writing to certain directors seeking voluntary repayments. However, he stressed that the bank was not legally obliged to force former managers to pay back pension payments.
Shareholders were told, however, that no outstanding loans to former directors are currently in arrears and all are fully performing.
