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AIB is aiming for that 70% of its new lending will be green by 2030

AIB raises €650m from sixth green bond

AIB said today that it has raised €650m from issuing its sixth green bond.

The buyback contract between AIB and the Minister for Finance was approved by the shareholders of AIB at its extraordinary general meeting yesterday

AIB buys back almost €1 billion of shares from the State

AIB has bought back another big tranche of its shares held by the State, which reduces the State's stake in the bank to about 32.6%.

Business • 03 May 24

AIB CEO Colin Hunt and Chairman Jim Pettigrew at the bank's AGM meeting in Dublin today

State to receive €1bn from AIB share buyback

The exchequer is set to receive a €1bn boost after shareholders at AIB backed a plan to buy back another big tranche of its shares held by the State.

Business • 02 May 24

AIB said the Additional Tier 1 perpetual bond will further support it in meeting its regulatory capital requirements

AIB raises €625m in new capital amid strong demand

AIB said it raised €625m yesterday from the issuance of a new bond to institutional investors which offered an interest rate of 7.125%.

Business • 24 Apr 24

To date, AIB has set aside €233m to cover the cost of payments to investors, around €207m of which has been cashed

Concerns continue about treatment of AIB Belfry investors

A prominent financial adviser has estimated that hundreds of investors in an ill-fated series of funds set up by AIB two decades ago still have not received adequate refunds or compensation from the bank.

Business • 16 Apr 24

Ciara Ryan, Adrian Moynihan and Olaf Fitzsimons of AIB Retail Banking

AIB makes three new appointments to Retail Banking team

AIB has made three new senior appointments to its Retail Banking team, which has over three million personal, mortgage and SME customers and 170 branches.

Business • 16 Apr 24

The cuts will be implemented from tomorrow

AIB, EBS and Haven cut fixed Green mortgage rates by 0.2%

AIB and affiliates EBS and Haven are cutting the fixed rates on their "Green Mortgages" by 0.2%.

Business • 08 Apr 24

AIB S&P Global manufacturing Purchasing Managers' Index fell back below the 50 mark denoting growth to 49.6, compared with 52.2 in February

Manufacturing contracts again in March - PMI

The manufacturing sector contracted in March after briefly returning to growth a month earlier, a survey showed today, with confidence among firms also slumping to the lowest level in more than three years.

Business • 02 Apr 24

AIB customers increased their spending on flights in the first two months of the year

AIB customer spending increased in February - survey

AIB customers increased their spending by 4% in February when compared to January, according to the bank's latest Spend Trend survey.

Business • 15 Mar 24

The matter will return before the court in April

Man secures permission to challenge FSPO over complaint

A retired man has secured permission from the High Court to challenge the Financial Services and Pensions Ombudsman's refusal to investigate his complaint over loans he claims he was mis-sold by AIB.

Business • 11 Mar 24

AIB's CEO Colin Hunt and the bank's chief financial officer Donal Galvin

AIB posts 'exceptional' profits of €2.058 billion

AIB has reported "exceptional" after tax profits of €2.058 billion for 2023, up from €765m the previous year and said that overall credit quality remains robust against the backdrop of inflation and higher interest rates.

Business • 06 Mar 24

AIB CEO Colin Hunt and NTR CEO Rosheen McGuckian at the solar farm in Gorey in Co Wexford

AIB now buying renewable energy from Wexford solar farm

AIB is now buying renewable energy from a solar farm in Gorey in Co Wexford.

Business • 27 Feb 24

Paul Travers is AIB's new Managing Director Climate Capital

AIB's new appointment to support green strategy

AIB said today it has appointed Paul Travers as Managing Director Climate Capital at the bank.

Business • 19 Feb 24

The bank is creating three new Executive Committee roles effective from 1 February.

AIB creating three new Executive Committee roles

AIB has announced a number of changes to its Executive Committee.

Business • 19 Jan 24

The trading plan has contributed to the State's shareholding in AIB reducing from 71.12% at the beginning of 2022 to about 40.8% now

McGrath extends AIB's share trading plan again

The Minister for Finance Michael McGrath has today further extended AIB Group's share trading plan into a fifth phase.

Business • 09 Jan 24

Female entrepreneurship is on the rise in Ireland with female founders securing €234m in funding for tech startups in 2022, new research from AIB shows

Women to hold 45% of assets under management by 2030

Women are forecast to hold 45% of assets under management by 2030, according to "The Future is Female", a new paper commissioned by AIB.

Business • 04 Jan 24

2023 was all about increasing interest rates - and higher profits for Irish banks

Rising interest rates boost Irish banks' profits

In the world of Irish banking, 2023 was really all about one thing - rising interest rates.

2023 in Review • 27 Dec 23

AIB customers were experiencing intermittent technical issues affecting mobile and internet banking channels earlier today

AIB says app and online banking issues now resolved

AIB has said that difficulties its customers were experiencing accessing its mobile and online banking services have now been resolved.

Business • 13 Dec 23

The data shows that women spend more than men on Christmas shopping leading up to the big day, except on Christmas Eve.

Christmas shopping set to peak on 23 December

Christmas shopping is set to peak on 23 December, new data from AIB shows.

Business • 08 Dec 23

MD of Boann Distillery Patrick Cooney, AIB's Head of New Business Team Dublin and East, Joanna McFadden and AIB's Director, New Business in Dublin and East, Aidan Finnan

Boann Distillery gets €5m in finance from AIB

Family-run Boann Distillery has announced plans to expand its distillery in Drogheda and its cream liqueur and bottling facility in Clonmel after it received finance of €5m from AIB.

Business • 04 Dec 23

AIB CEO Colin Hunt , Jacinda Ardern, the former Prime Minister of New Zealand and Helen Normoyle, Chair of Sustainable Business Advisory Committee in AIB at today's conference

AIB targets 70% green lending by 2030

AIB Group has set a target for 70% of new lending to be for environmentally friendly projects or to speed the transition to a greener economy, it said today, up from 20% so far this year.

Business • 20 Nov 23

Despite multiple large-scale sell-offs of the state's AIB stake, the Exchequer shareholding is till more valuable than it had been at the beginning of 2022

McGrath told key for state to keep reducing AIB stake

Officials told the Finance Minister that recovery of the full €29 billion the state used to bail out the banks should not be the "over-riding consideration" as the Exchequer looked to sell off more of its stake in AIB.

Business • 17 Nov 23

900,000 card transactions by AIB customers were recorded on Black Friday last year

Record online spend forecast for Black Friday

One week out, AIB is forecasting that online Black Friday spend in Ireland this year will surpass last year's record-breaking total.

Business • 17 Nov 23

PTSB branches now open after storm delays earlier this morning

Banks delayed opening hours due to Storm Debi

AIB said this morning that due to Storm Debi and in the interests of the safety of its customers and staff, it will delay the opening of branches in counties where there is a red warning.

Business • 13 Nov 23

Today's sale brings to about €13.6 billion the total amount returned to the State to date from its investment in AIB

€515m raised in latest AIB share sale

The Government has sold a 5% stake in AIB Group, lowering its holding in one of the country's two remaining partly state-owned lenders to 41% and raising €515m.

Business • 07 Nov 23