AIB is planning to raise lending rates and cut the amount it pays on deposits in a bid to return to profit by 2014 and attract new capital investment, according to a presentation its chief executive gave to the Fine Gael parliamentary party last week.
The state-owned bank, which lost €2.3 billion in 2011, is to reprice its product offerings and adjust lending rates relative to its cost of funds, chief executive David Duffy told the...
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