AIB | Business Post

Services sector growth slows as recession fears and energy crisis weigh on confidence

Latest index remains above 50 mark, signifying expansion, but is the weakest rise in its 21-month growth sequence

Opinion: Ireland is one of the few countries where banking profits are guaranteed

Marc Rubinstein writes that customers pay the price of bolstering lenders, just as they did for bailing them out

State to further cut AIB stake by selling over €400 million in shares

The state’s holding in the company will drop to 57 per cent

Up for debate: The best from the Business Post’s columnists

Insightful analysis of the main developments in business and politics from our team of writers, including Elaine Byrne, Dan O’Brien and Lucinda Creighton

ECB move to restrict bank subsidies to cost AIB and BoI up to €100m

European Central Bank to change terms of cheap loans to European banks

AIB - High interest rates are a return to normal

Tracker mortgage customers face higher costs following the latest European Central Bank increase

Central Bank finds ATM use down €500m since start of pandemic

Report concludes, however, that demand for cash remains strong and showed signs of recovery as restrictions lifted

AIB becomes first major bank to pass on mortgage rate hikes

Fixed rates will rise by 0.5 per cent for new customers.

Belfry investors mull appeal over ‘redress inconsistencies’

AIB has paid out millions of euro in compensation over the Celtic Tiger era investment funds, but some individuals in the same fund were paid significantly different sums

British private equity group buys building materials firm Etag for €8.2 million

British private equity and sustainable infrastructure investment firm completes its first acquisition in Ireland

IT security: why you are the weakest link

When fraud occurs as a result of scams and social engineering, it is often end users who are blamed. But are they really at fault? Alex Meehan investigates

Ronan keeps hold of 12 property assets after finalising €142m loan deal

The agreement will involve a consortium of Bank of Ireland and AIB providing refinancing to repay Ronan Group Real Estate’s creditor, M&G Investments, which fronted the loan in 2015

Peter O’Dwyer: PTSB and AIB stake their claims in the redrawn landscape of Irish banking

With Ulster Bank and KBC exiting Ireland, Permanent TSB still has a long way to go to close the gap on AIB, and Bank of Ireland, as it looks to grow into a third pillar bank

AIB’s after-tax profits increase by 70% to €477m in first half of year

Chief executive admits bank ‘got it wrong’ on plans to make 70 of its branches around the country cashless

James McDermott: For a bank that is supposed to ‘back brave’, AIB’s cashless escapade was cowardly

Going cashless may have been a surreptitious first step to closing branches because, without cash, there is less footfall, which can then be blamed for closure

Matt Cooper: Little sympathy for blundering AIB after major tactical error

AIB has long had a reputation for corporate arrogance and in its focus on maximising profits, it seems it did not consider the social ramifications of the cashless plan

Ian Guider: AIB U-turn will just stave off the inevitable for a short while longer

With a new generation turning to remote banking, and a downturn in sustainable returns, we can expect to see more cost-cutting attempts like those announced by AIB last week

AIB U-turns on plan to make 70 branches cashless after ‘public unease’

Bank had earlier been rebuked by Taoiseach Micheál Martin for the decision

Donohoe asked to consider subsidies to keep bank branches open

The Minister for Finance last month chaired a discussion in Tullamore, Co Offaly on the future of retail banking in Ireland, at which the suggestion was made by participants

State to sell further 5 per cent of its AIB shareholding

Overall size of the state’s shareholding will be reduced from 68.5 per cent to 63.5 per cent