Organisation: AIB

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Organisation: AIB

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>Concerns surrounding international trade continue to linger despite a partial recovery in the services sector, the latest AIB Services Purchasing Managers Index (PMI) said.</p>

companies

Concerns over international trade cloud recovery in Irish services sector

AIB Services PMI finds growth in the Irish services sector outperformed the Eurozone, UK, and US

<p>Government's share of the bank down to 22%.</p>

companies

AIB buys back €500m worth of shares from State

<p>In a post-sale submission, officials said the AIB shares had been sold at a price of €4.90, which was 24.7% higher than what had been achieved in a similar sale in November of 2023. File photo: REUTERS/Jason Cairnduff</p>

companies

Minister was advised not to delay €593m AIB share sale

close-up of hands holding a wad of 50 euro notes to make a payment

economy

Consumer spending rises while affordability improves, AIB data shows

Regulatory decisions in other markets rattle Irish bank shares despite 'strong' profits

companies

Regulatory decisions in other markets rattle Irish bank shares despite 'strong' profits

AIB chief 'expects profitability to ease' next year as rates fall

companies

AIB chief 'expects profitability to ease' next year as rates fall

Three main lenders to post interim profit haul

Three main lenders to post interim profit haul

Davy Stockbrokers said it would likely 'modestly' revise downwards its forecasts in this area, but said "this will have little impact on bank earnings" for AIB, Bank of Ireland, and PTSB.

Mon, 29 Jul, 2024

Spurred By Rising Prices, Phoenix Undergoes A New Housing Boom

Housing output shows Government 'just not serious' about crisis, says Ó Broin

'In the first quarter of this year, just 32 affordable homes were completed across four local authorities', the Sinn Féin housing spokesperson said

Mon, 22 Jul, 2024

Irish bank stock

AIB to seek 150 voluntary redundancies

Redundancies 'short sighted' and 'based solely on their profit margins', union claims

Fri, 05 Jul, 2024

Risks to scheme to boost nature in developments

Moderate pace of economic growth will not hit employment levels, AIB predicts

The lender estimates that around 2.8m people will be employed in the Irish labour market by 2026, underpinned by population growth and flexible working, leading to an increase in women in employment

Fri, 31 May, 2024

Sir Anthony O'Reilly

O'Reilly's boom-to-bust business empire ended with Bahamas bankruptcy

Fostering a collection of disparate stock market and private business interests, including Independent News and Media, Tony O’Reilly was ill-prepared for the blows that followed

Mon, 20 May, 2024

Allied Irish Bank

'I will, yeah' — Young Corkman tells judge he will continue with probation

The accused admitted being paid €100 for almost €10,000 to land in his account from ‘smishing’ fraud offences reported by AIB

Fri, 10 May, 2024

Irish factories send out distress signal as production falls sharply

Irish factories send out distress signal as production falls sharply

The latest AIB Ireland Manufacturing Purchasing Managers’ Index showed production last month fell by its sharpest rate for six months

Wed, 01 May, 2024

Approved mortgage application

AIB switching incentive may benefit only 'green mortgage' customers, expert warns

The bank plans to increase the payment available for switching mortgage provider from €2,000 to €3,000

Mon, 22 Apr, 2024

Shares in AIB and BoI hold gains chalked up this year despite interest rate cuts getting closer

The prospect of the ECB cutting interest rates this year ought to have dented the prospect of a significant increase in income for the Irish banks but their shares have risen

Fri, 12 Apr, 2024

Bank of Ireland tweaks green mortgage offering

Bank of Ireland tweaks green mortgage offering

The bank announced it would offer a so-called ‘EcoSaver Mortgage’ which will align fixed-rate mortgages with Building Energy Ratings from A to G

Tue, 09 Apr, 2024

Frankfurt Stock Exchange Reacts To EU Referendum Vote Result

Irish shares in buying spree as European stocks hit record high

The buying spree was sparked after figures on the cooling US inflation did little to hinder bets for an interest rate cut by the US Fed in June

Tue, 12 Mar, 2024

Letters to the Editor: Seanad Éireann is for independent voices

Letters to the Editor: Seanad Éireann is for independent voices

One writer is urging readers to contact the 218 TDs and senators who will be voting in the Seanad by-election and tell them who we wish for them to vote for

Tue, 12 Mar, 2024

FILE PHOTO The High Court has seen four cases brought against the State from women sent to give birth in Mother and Baby homes.

Challenge brought over Financial Services Ombudsman's refusal to investigate complaint against AIB

Man claims decision not to investigate his 2021 complaint, on the basis that it is outside the respondent's jurisdiction, is unlawful and should be overturned

Mon, 11 Mar, 2024

National Asset Management Agency

Finance minister urges banks to treat customers 'fairly' as AIB posts record profits

Michael McGrath said State would directly benefit from profit to tune of €280m

Wed, 06 Mar, 2024

Irish Banks

Irish bank shares join in rally ahead of ECB meeting this week

The European banking sector jumped 1.3%

Mon, 22 Jan, 2024

Ordering on-line from modern warehouse

Exports subdued but Irish manufacturing recruitment is on the rise

The AIB Purchasing Managers’ Index also showed conditions here are still better than the eurozone and in Britain where manufacturing activity continued to contract last month

Fri, 01 Dec, 2023

Recovering €29bn bailout from banks not 'over-riding' issue in AIB shares sale, McGrath told

Recovering €29bn bailout from banks not 'over-riding' issue in AIB shares sale, McGrath told

Finance minister told 'political conversations' about another sale should take place but as long as these did not include a specific date they were not considered sharing 'inside information'

Fri, 17 Nov, 2023

We have a deal!

Growth in services sector slows for sixth month in a row

The volume of new business rose only 'fractionally'

Fri, 03 Nov, 2023

Frankfurt Stock Exchange Reacts To EU Referendum Vote Result

Shares trade higher but focus remains on Middle East conflict

Investors remained risk-averse on prospects of escalation in Israel's attack on Gaza in the wake of the Hamas attacks

Mon, 16 Oct, 2023

Woman working at a restaurant

Service providers continue to pass on costs as inflation remains 'sticky'

Tech and telecoms service providers continued to see buoyant growth, while businesses in transport, tourism, and leisure contracted for a third consecutive month

Wed, 04 Oct, 2023

Banks defend soaring profits after '10 years of dulled profitability'

Banks defend soaring profits after '10 years of dulled profitability'

Brian Hayes, chief executive of the BPFI, also defended the banks on interest rates, saying they have been slower to pass on ECB increases than other eurozone countries

Wed, 27 Sep, 2023

NFC: It's payment made simple

Service sector continues to pass on costs to consumers

Service businesses continued to pass on operating costs to consumers through higher selling prices last month as inflation rose to 4.9% in August, compared to 4.6% the previous month.

Tue, 05 Sep, 2023

GERMANY-EU-ECB-BANKING-INFLATION

S Emer Walsh: Window dressing bank offerings of 3% an attempt to save face

After being forced to the table by the Government, Ireland's pillar banks have prompted questions once again as to who it is they serve

Sat, 02 Sep, 2023

Irish bank stock

Officials warned AIB share sale would reignite senior banker pay debate

State's shareholding in the bank has dropped below 50%

Fri, 11 Aug, 2023

GERMANY-EU-ECB-BANKING-INFLATION

Irish banks post 'exceptionally strong' results helped in part by deposit rates

AIB, Bank of Ireland, and Permanent TSB had a combined income of €1.7bn in the first half of 2023

Wed, 09 Aug, 2023

Revolut Ltd. CEO Nikolay Storonsky Interview

S Can Revolut bring true competition to Irish banking?

As it continues to roll out new services, Emer Walsh examines the digital bank's attempts to offer an alternative to the pillar banks

Sun, 06 Aug, 2023

Container death at Tibury Docks

Global factory slump from Ireland to Japan reflects strain of rate increases on demand

The downturn highlighted the dilemma for policymakers who embarked on aggressive rate hikes in a battle to keep inflation at bay, and yet also need to try and forestall potential recessions

Tue, 01 Aug, 2023

Mortgage interest relief 'something we will consider', says McGrath

Mortgage interest relief 'something we will consider', says McGrath

Finance Minister Michael McGrath also said he had met with the banks and said they "have an obligation to work in the spirit of co-operation with borrowers".

Sat, 29 Jul, 2023

AIB chief defends hefty half-year €1.2bn profit as interest rates climb

AIB chief defends hefty half-year €1.2bn profit as interest rates climb

Lender predicted 'a very good' outcome for the full year, helped by ECB rate hikes and the lessening of competition from the departure of Ulster Bank and KBC

Fri, 28 Jul, 2023

Germany European Central Bank

US rate hike sets scene for ECB meeting at lunchtime tomorrow

Bank of Ireland hiked its fixed-rate mortgage loans ahead of ECB meeting

Wed, 26 Jul, 2023

Strong month for hospitality despite cost-of-living pressures as spending up 28%

Strong month for hospitality despite cost-of-living pressures as spending up 28%

AIB data also shows that spending in hotels and restaurants rose 12% and 7% respectively between May and June

Wed, 19 Jul, 2023

Irish Banking Culture Board says level of trust in banks is still underwater

Irish Banking Culture Board says level of trust in banks is still underwater

Body set up in the wake of financial crises reports that, while banking is in a state of flux, 'gradual progress is being made'

Mon, 17 Jul, 2023

Festival tries to take digital payments to the next stage

Festival tries to take digital payments to the next stage

This year's Kaleidoscope sought to go cashless — and to get festivalgoers to make all payments onsite through its own Tappy system. Ellie O'Byrne reports on what happened next

Sun, 09 Jul, 2023

Contactless payment with smartphone

Irish banks' Revolut rival Synch is delayed further

Synch Payments was established in 2020 by AIB, Bank of Ireland, Permanent TSB and KBC Bank

Thu, 06 Jul, 2023

AIB hikes popular fixed-rate mortgage to 5%

AIB hikes popular fixed-rate mortgage to 5%

Rivals are also likely to hike their fixed-rate mortgages

Thu, 29 Jun, 2023

Euro coins. Euro money. Euro currency.

'More to go' when it comes to increases in saving deposit rates

Households likely to be put under pressure again as the European Central Bank is poised to introduce another 25 basis points interest rate hike this week

Tue, 13 Jun, 2023

'How is this fair?' Cork farming family risks losing everything

'How is this fair?' Cork farming family risks losing everything

A family that ran up debts after falling foul of the milk quota system is having land sold from under them by a vulture fund that bought their debt

Sun, 11 Jun, 2023

Couple locked out of their Clonmel store once locked in with a vulture fund

Couple locked out of their Clonmel store once locked in with a vulture fund

Tony Kenny and Joan McEneff's clothes shop continues to trade under threat of closure after Everyday Finance bought its loans from AIB

Sat, 03 Jun, 2023

AIB confirms property deeds of 30 customers destroyed at Cork City branch

AIB confirms property deeds of 30 customers destroyed at Cork City branch

Bank said deeds being stored in the bank belonging to about 30 customers were 'inadvertently disposed of' by a third-party contractor during maintenance work at the South Mall branch

Tue, 23 May, 2023

Euro coins. Euro money. Euro currency.

Irish banks accused of 'window dressing' over small increases in saving deposit rates

PTSB said it was increasing the rates it pays savers by 0.25% across the range of its deposit accounts, while Bank of Ireland earlier this week said a new savings account will pay an initial interest rate of 1.5%

Thu, 18 May, 2023

Analysis: AIB, Bank of Ireland and Permanent TSB look to bank their huge share price gains

Analysis: AIB, Bank of Ireland and Permanent TSB look to bank their huge share price gains

AIB on Thursday was the last of the remaining three Irish banks to take stock in trading updates of the huge benefits flowing their way from the exits of formidable rivals Ulster Bank and KBC Bank from banking in the Republic.

Thu, 04 May, 2023

€215m worth of State shares in AIB to be sold back to bank

€215m worth of State shares in AIB to be sold back to bank

Finance Minister Michael McGrath said given the strong rise in AIB’s share price over the past year, the decision was made to participate in the buyback programme on a 'directed basis'

Tue, 25 Apr, 2023

John Fahey: Why core inflation will be a key determinant for rate decisions

John Fahey: Why core inflation will be a key determinant for rate decisions

Stress in the banking sector could see a further tightening of credit conditions

Mon, 24 Apr, 2023

'We want to pay our way': O'Donovan's Hotel and their battle with Everyday Finance

'We want to pay our way': O'Donovan's Hotel and their battle with Everyday Finance

A loan that the family took out with AIB sixteen years has come back to haunt them after it was sold to a vulture fund, writes Mick Clifford

Sun, 16 Apr, 2023