942 AIB staff on over €100k

There were 942 AIB staff members on remuneration packages of over €100,000 out of a total workforce of 12,648 at the end of last year, AIB chief executive David Duffy will tell the Oireachtas Finance Committee tomorrow.

In a series of written responses to questions posed by members of the committee and seen by the Irish Examiner, Mr Duffy says the lowest mortgage product that AIB offers is a 3.5% one-year fixed term. The most expensive is the 4.49% standard variable rate, although this has been reduced by 0.25%.

The bank was in a position to introduce a 0.25% cut because of its improved underlying performance and its reduced cost of funding, he says. Moreover, rates are kept under constant review.