Allied Irish Bank has no immediate plans for an interest rate hike but its mortgage repayments will increase at some stage in the future, its managing director said today.

THE arbitrary remuneration limit of €500,000 on the top job at AIB will make it very difficult for the group to attract somebody from outside the bank, according to Oliver Gilvarry, head of research at Dolmen Securities.

FOR the seventh consecutive time, Allied Irish Bank (GB) has been voted ‘Britain’s Best Business Bank’, ahead of the ‘Big Four’ and other British banks, in a biannual survey of the business sector.

The ISEQ rallied this afternoon to close the week on a positive note, rising 33.8 points to end the day at 6,797.94.

Allied Irish Banks today announced two new appointments to its senior management team.