AIB chairman David Hodgkinson told shareholders today that the bank would roll back from any legal action after half of the 6,600 letters sent by the bank to borrowers in arrears of 90 days or more have resulted in positive engagement.
Since the letters were sent, between 10 and 15 per cent of the borrowers in question have been meeting their repayments, he said.
This morning AIB said it had signed a permanent contract with its chief executive David...
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