Company Watch: AIB chief is confident about bank’s post-lockdown future

Colin Hunt says clear strategy will allow AIB to ‘generate sustainable shareholder returns and meet medium-term targets by 2023’

Colin Hunt, chief executive of AIB: ‘The implementation of our strategy is well under way and positions us well for the future.’ Picture: Fergal Phillips

A week before the reality of the Covid-19 pandemic began to register in Ireland in March 2020, Colin Hunt was busy announcing AIB’s new medium-term plans.

The bank’s chief executive outlined its intention to shave further costs as it transitioned to a more digital-focused lender and he also set targets for capital and shareholder returns.

If he had hoped to gain momentum in achieving his targets, Hunt was no doubt disappointed by the pandemic’s immediate ...