Saturday April 4, 2020

AIB reveals cost-focused three-year plan

Strategy assumes continuing low-interest-rate environment

8th March, 2020
Colin Hunt, AIB chief executive: green projects. Picture: Fergal Phillips

AIB unveiled its new three-year strategy on Friday and, predictably, cost control was at its core.

Colin Hunt, the bank’s chief executive, was clear that this was a strategy drawn up on the assumption that interest rates would remain at rock-bottom levels for its duration.

Speaking to the Business Post, Hunt said: “It was abundantly clear that we were dealing with a ‘lower for longer’ interest rate environment, so the interest rate expectations...

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