Organisation: AIB

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

AIB chief 'expects profitability to ease' next year as rates fall
AIB chief 'expects profitability to ease' next year as rates fall
The lender forecasts net interest income, fuelled by monetary policy changes by the ECB, will reach about €4bn for the year

Fri, 02 Aug, 2024

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

FILE PHOTO: Signage and logo are seen on an AIB bank building in Galway
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

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Mick Clifford
Mick Clifford

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