AIB seeks to enhance its green credentials with car leasing investment

Nifti joint venture with Autolease comes ahead of the ECB's stress-test of European banks' environmental credentials

AIB's head of retail banking said the new joint venture is part of the bank's drive towards sustainability. Picture: Artur Widak/NurPhoto

AIB has agreed to buy 50% of a car leasing firm in a bid to improve and accelerate its ‘green’ credentials and lending ambitions.

The move comes amid a growing focus on how climate-conscious banks really are in terms of their lending behaviour.