AIB boss: other banks’ low rates are a gamble for borrowers

29th July, 2018
Bernard Byrne

The boss of AIB has warned that a number of banks are being “aggressive” with teaser mortgage prices that may leave homeowners exposed when interest rates change.

Bernard Byrne said the bank had deliberately not chased growing its market share to keep up by following with reductions to its own mortgage prices. His comments came after Ulster Bank and KBC have slashed their fixed-interest rates, with Ulster going to 2.3 per cent on...

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