AIB

The latest news, comment, and features on Irish bank AIB

From horsemeat to Ryanair’s rethink: an eventful year for consumers

From horsemeat to Ryanair’s rethink: an eventful year for consumers

Store closures, property tax, banking charges, Michael O’Leary’s act of contrition, two Ulster Bank system failures, the arrears crisis: consumers had plenty to keep them exercised in 2013

By Conor PopeMon Dec 30 2013 - 01:00

State’s sale of Bank of Ireland shares will bolster exchequer, says Noonan

State’s sale of Bank of Ireland shares will bolster exchequer, says Noonan

Disposal of shares has yielded almost €2bn to be held initially in the National Pensions Reserve Fund

By Ciarán HancockSat Dec 28 2013 - 01:00

Moran Hotel Group writes down €406m on value of property and in goodwill

Moran Hotel Group writes down €406m on value of property and in goodwill

Company left with an after-tax loss of €353.7m for the year to the end of January 2012

By Ciarán HancockFri Dec 27 2013 - 01:00

Are we there yet? Well, no but we are moving on

Are we there yet? Well, no but we are moving on

The main banks are moving closer to profitability, but that does not mean our financial woes are over

By Ciarán HancockFri Dec 27 2013 - 00:01

Retailers say Christmas spend down this year

Retailers say Christmas spend down this year

Cautious consumers believed to be holding on to shop at reduced prices in sales

Tue Dec 24 2013 - 13:14

AIB sells Ark Life unit to UK’s Guardian Assurance for estimated €350 million

AIB sells Ark Life unit to UK’s Guardian Assurance for estimated €350 million

Guardian buying closed book with €4 billion in assets and 270,000 policyholders

By Ciarán HancockTue Dec 24 2013 - 01:00

AIB says debit cards ‘operating as normal’ after glitch

AIB says debit cards ‘operating as normal’ after glitch

Bank apologises after customers left unable to withdraw cash from ATMs

Sun Dec 22 2013 - 16:11

AIB customers left hanging following bank card glitch

AIB customers left hanging following bank card glitch

Christmas shoppers hit but customers assured they will not be left out of pocket

By Conor PopeFri Dec 20 2013 - 18:11

Hotel group reduces debt burden by €500m

Hotel group reduces debt burden by €500m

Moran Hotel group, including Red Cow complex, in financial restructuring

By Ciarán HancockFri Dec 20 2013 - 01:01

Government considered pooling loss-making tracker mortgages – IMF

Government considered pooling loss-making tracker mortgages – IMF

Final review calls for greater progress in addressing problems in the banking sector

By Úna McCaffreyFri Dec 20 2013 - 01:01

Boden leaves AIB chief operating officer post

Boden leaves AIB chief operating officer post

She held position for 18 months

By Ciarán HancockFri Dec 20 2013 - 01:01

Avestus misses out on Prague hotel deal

Avestus misses out on Prague hotel deal

Loan owed by Four Seasons will be transferred into Nama

By Tom LyonsFri Dec 20 2013 - 01:00

AIB fined €490,000 by Central Bank

AIB fined €490,000 by Central Bank

Bank reprimanded for breaches of its liquidity risk management requirements

By Pamela NewenhamThu Dec 19 2013 - 12:31

AIB to outsource clearing department

AIB to outsource clearing department

About 90 staff in line to transfer to BancTec from March 1st

By Ciarán HancockThu Dec 19 2013 - 01:00

It’s going to be a stressful year for Irish banking

It’s going to be a stressful year for Irish banking

The banks may become profitable again, but that doesn’t mean they’ll lower charges

By Ciarán HancockWed Dec 18 2013 - 01:00

Draghi expresses concern about health of Irish banks

Draghi expresses concern about health of Irish banks

ECB president says banks must take ‘decisive’ action before stress tests

By Suzanne LynchTue Dec 17 2013 - 09:56

O’Reilly’s stake in INM reduced to 7 per cent

O’Reilly’s stake in INM reduced to 7 per cent

Dermot Desmond increases share to 15 per cent, as media group moves to complete restructuring

By Laura Slattery and Fiona ReddanMon Dec 16 2013 - 13:43

New innovator

New innovator

By Olive KeoghMon Dec 16 2013 - 01:00

Consortiums bidding for Mount Carmel hospital await decision

Consortiums bidding for Mount Carmel hospital await decision

Nama considering two offers for private facility amid fears sales process stalled

By Tom LyonsSat Dec 14 2013 - 01:00

Concern in Brussels shifts to France and Italy

Concern in Brussels shifts to France and Italy

There are signs in Brussels and Frankfurt that Ireland has repaired some of the reputational damage incurred during the bailout

By Suzanne LynchFri Dec 13 2013 - 01:00

Fingers’ legal woes mount up

Fingers’ legal woes mount up

By Mark PaulFri Dec 13 2013 - 01:00

Brennan under fire at inquiry into ill-fated docklands deal

Brennan under fire at inquiry into ill-fated docklands deal

The former chief executive of the DDDA says its ex-chairwoman Niamh Brennan ‘rode roughshod’ over corporate governance

By Colm KeenaFri Dec 13 2013 - 01:00

'Awful lot of the pressure, the decisions' fell on Fingleton

'Awful lot of the pressure, the decisions' fell on Fingleton

From skyscrapers to Irish Nationwide and Hibernia REIT, Danny Kitchen’s career in business has been anything but boring

By Tom LyonsFri Dec 13 2013 - 01:00

Three quarters of mortgages in arrears still not restructured

Three quarters of mortgages in arrears still not restructured

Data also shows marginal rise in buy-to-let mortgages slipping into arrears

By Fiona ReddanThu Dec 12 2013 - 14:36

Glacial progress on bank restructuring body through late-night wrangling

Glacial progress on bank restructuring body through late-night wrangling

Banking union captures conundrum at the heart of the EU project

By Suzanne LynchThu Dec 12 2013 - 01:11

National Pension Reserve Fund considers sale of €716m private equity holdings

National Pension Reserve Fund considers sale of €716m private equity holdings

Sale of would be part of move towards becoming strategic investment fund

By Ciarán HancockThu Dec 12 2013 - 01:00

PTSB confirms higher provision for bad loans after review

PTSB confirms higher provision for bad loans after review

Chief executive describes extra provisioning as ‘prudence on prudence’

By Ciarán HancockWed Dec 11 2013 - 10:35

Credit car: your guide to borrowing to buy a new vehicle

Credit car: your guide to borrowing to buy a new vehicle

What’s the best deal for you: a bank loan, HP or a lease from the manufacturer?

By Fiona ReddanWed Dec 11 2013 - 07:00

Irish Life leads chase to buy €35m block

Irish Life leads chase to buy €35m block

Up to eight bidders show interest in AIB-occupied offices at 1 Adelaide Road

By Jack FaganWed Dec 11 2013 - 01:05

Moody view of Ireland shared by Central Bank

Moody view of Ireland shared by Central Bank

Ratings agency is not alone in its cautious assessment of Ireland’s recovery

By Ciarán HancockWed Dec 11 2013 - 01:01

AIB takes control of Athlone Towncentre

AIB takes control of Athlone Towncentre

Receivers appointed to mall, which owes bank €200million-€250million

By Barry O'HalloranTue Dec 10 2013 - 01:00

Ireland’s hopes of rating upgrade hit by negative European outlook from Moody’s

Ireland’s hopes of rating upgrade hit by negative European outlook from Moody’s

Agency says Irish banks among ‘most vulnerable’ to failing stress tests

By Ciarán HancockTue Dec 10 2013 - 01:00

AIB appoints receivers to Athlone shopping centre

AIB appoints receivers to Athlone shopping centre

All shops will continue to trade as normal

By Barry O'HalloranMon Dec 09 2013 - 19:08

Condolence book signed for ‘greatest African leader of his time’

Condolence book signed for ‘greatest African leader of his time’

Book of condolences for Nelson Mandela opened at the South African ambassador’s residence

By Kitty HollandMon Dec 09 2013 - 17:49

AIB fund to help SMEs save on energy costs

AIB fund to help SMEs save on energy costs

New €100m fund to offer discounted loan rates for borrowings of up to €300,000

By Ciarán HancockMon Dec 09 2013 - 13:24

What is more important: strong banks or nice banks?

What is more important: strong banks or nice banks?

Business Opinion: it is only a slight exaggeration to say the Government has let the banks’ customers be sacrificed at the altar of exit from the bailout

By John McManusSun Dec 08 2013 - 20:06

Noonan hopes bailout exit will trigger Moody’s upgrade

Noonan hopes bailout exit will trigger Moody’s upgrade

Minister for Finance says mood from all rating agencies toward Ireland is positive

Fri Dec 06 2013 - 14:47

Commissioner predicts calm after the storm

Commissioner predicts calm after the storm

EU competition chief gives his verdict on the Irish economy

By Úna McCaffreyFri Dec 06 2013 - 01:11

Banks given June deadline over mortgage arrears problem

Banks given June deadline over mortgage arrears problem

Central Bank tells lenders to have ‘sustainable solutions’ to 75 per cent of cases

By Ciarán HancockFri Dec 06 2013 - 01:00

Permanent TSB deal approval to take ‘months’

Permanent TSB deal approval to take ‘months’

Almunia says European Commission is awaiting presentation of ‘clear ideas’ for restructuring

By Úna McCaffreyFri Dec 06 2013 - 01:00

Central Bank sets new, tougher mortgage resolution targets

Central Bank sets new, tougher mortgage resolution targets

Lenders have until next June to find solutions for 75% of customers more than 90 days in arrears

By Eoin Burke-KennedyThu Dec 05 2013 - 14:54

No ECB Christmas present for home-owners

No ECB Christmas present for home-owners

European Central Bank have left interest rates at a record low of 0.25%

By Suzanne LynchThu Dec 05 2013 - 13:10

Noonan’s recovery roadshow goes on but stress tests are a potential speed bump

Noonan’s recovery roadshow goes on but stress tests are a potential speed bump

The Finance Minister has ticked a lot of boxes but the way ahead is not clear yet

By Ciarán HancockThu Dec 05 2013 - 01:10

State to make €2bn from sale of BoI shares

State to make €2bn from sale of BoI shares

Sell-off of 1.8bn preference shares ‘sends all the right signals’, says Noonan

By Ciarán HancockThu Dec 05 2013 - 01:00

Inauspicious start for euro zone banking union project

Inauspicious start for euro zone banking union project

The confusion surrounding the assessment of Irish banks is worrying

By Suzanne LynchThu Dec 05 2013 - 01:00

Man alleges breach of duty of care by AIB

Man alleges breach of duty of care by AIB

Businessman had €346,000 withdrawn from accounts to help out his accountant

By Mary CarolanWed Dec 04 2013 - 22:46

More work needed on money laundering, says Roux

More work needed on money laundering, says Roux

New deputy governor says “we have a distance to travel in this area”

By Ciarán HancockWed Dec 04 2013 - 22:04

No rate change expected from ECB

No rate change expected from ECB

Euro zone economy grew by disappointing 0.1% in third quarter

By Suzanne LynchWed Dec 04 2013 - 21:52

Ciarán Hancock: Stress test reports on banks fall well short on disclosure

Ciarán Hancock: Stress test reports on banks fall well short on disclosure

Given that the State owns more than 99 per cent of both AIB and PTSB, taxpayers might wonder why they haven’t been as forthcoming about the findings

By Ciarán HancockWed Dec 04 2013 - 11:00

Inside Track Q&A: Ruth Ní Loinsigh, Om Diva

Inside Track Q&A: Ruth Ní Loinsigh, Om Diva

‘I will never wait for a phone call . . . again’

By Ruth O'ConnorWed Dec 04 2013 - 01:00

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