Govt stake in AIB falls below 50% after share sale Minister for Finance Michael McGrath has sold another 5% of the State's stake in AIB, which sees the bank exiting majority ownership for the first time since the financial crisis over a decade ago. Business • 28 Jun 23
Govt stake in AIB falls below 50% after share sale Minister for Finance Michael McGrath has sold another 5% of the State's stake in AIB, which sees the bank exiting majority ownership for the first time since the financial crisis over a decade ago. Business • 28 Jun 23
State to sell further 5% stake in AIB The Minister for Finance is to sell another 5% of the State's stake in AIB, which would see the bank exiting majority ownership for the first time since the financial crisis over a decade ago. Business • 27 Jun 23
State to sell further 5% stake in AIB The Minister for Finance is to sell another 5% of the State's stake in AIB, which would see the bank exiting majority ownership for the first time since the financial crisis over a decade ago. Business • 27 Jun 23
Joint venture 'AIB life' launches, creating 100 jobs AIB life, a joint venture between AIB and Great-West Lifeco has officially launched. Business • 20 Jun 23
Joint venture 'AIB life' launches, creating 100 jobs AIB life, a joint venture between AIB and Great-West Lifeco has officially launched. Business • 20 Jun 23
AIB increases interest rates for deposit holders AIB and EBS have increased their interest rates on a number of deposit accounts to 2%. Business • 13 Jun 23
AIB increases interest rates for deposit holders AIB and EBS have increased their interest rates on a number of deposit accounts to 2%. Business • 13 Jun 23
AIB becomes financial partner of Farm Zero C project AIB has become the exclusive financial institution partner of the Farm Zero C project, based in Shinagh, outside Bandon, West Cork. Business • 12 Jun 23
AIB becomes financial partner of Farm Zero C project AIB has become the exclusive financial institution partner of the Farm Zero C project, based in Shinagh, outside Bandon, West Cork. Business • 12 Jun 23
Manufacturing activity dips at fastest pace in 3 years Manufacturing activity shrank at its fastest pace in three years in May on sharp falls in output and new orders that reflected contractions in its global peers' markets, a survey showed today. Business • 01 Jun 23
Manufacturing activity dips at fastest pace in 3 years Manufacturing activity shrank at its fastest pace in three years in May on sharp falls in output and new orders that reflected contractions in its global peers' markets, a survey showed today. Business • 01 Jun 23
Hospitality spend jumps in April, overall spend flat Spending in hotels, pubs and restaurants increased last month, according to new debit and credit card data from AIB. Business • 18 May 23
Hospitality spend jumps in April, overall spend flat Spending in hotels, pubs and restaurants increased last month, according to new debit and credit card data from AIB. Business • 18 May 23
AIB faces shareholder criticism over deposit rates The chief executive of AIB has defended the bank's decision to only partially pass on ECB interest rate increases to deposit holders, amid shareholder accusations at its AGM that the bank is "short-changing" savers. Business • 04 May 23
AIB faces shareholder criticism over deposit rates The chief executive of AIB has defended the bank's decision to only partially pass on ECB interest rate increases to deposit holders, amid shareholder accusations at its AGM that the bank is "short-changing" savers. Business • 04 May 23
Weak demand hits production in manufacturing sector The downturn across Ireland's manufacturing sector deepened at the start of the second quarter of the year amid a sharper contraction in factory production and a sustained decline in new orders. Business • 02 May 23
Weak demand hits production in manufacturing sector The downturn across Ireland's manufacturing sector deepened at the start of the second quarter of the year amid a sharper contraction in factory production and a sustained decline in new orders. Business • 02 May 23
New share buyback to cut State's stake in AIB to 53.35% The Minister for Finance has taken part in AIB Group's 2023 share buyback programme on a directed basis, which will further reduce the State's shareholding in the bank. Business • 25 Apr 23
New share buyback to cut State's stake in AIB to 53.35% The Minister for Finance has taken part in AIB Group's 2023 share buyback programme on a directed basis, which will further reduce the State's shareholding in the bank. Business • 25 Apr 23
AIB supports for staff affected by domestic violence AIB has expanded the range of practical supports it offers staff experiencing domestic violence and abuse including ten days' fully paid leave a year. Business • 24 Apr 23
AIB supports for staff affected by domestic violence AIB has expanded the range of practical supports it offers staff experiencing domestic violence and abuse including ten days' fully paid leave a year. Business • 24 Apr 23
Festivities and holidays helped boost spending in March Average daily spending increased by 4% in March compared to the previous month. Business • 20 Apr 23
Festivities and holidays helped boost spending in March Average daily spending increased by 4% in March compared to the previous month. Business • 20 Apr 23
EBS and Haven increase some variable mortgage rates AIB units, EBS and Haven, are to increase the interest rates they charge on certain variable rate mortgages. Business • 18 Apr 23
EBS and Haven increase some variable mortgage rates AIB units, EBS and Haven, are to increase the interest rates they charge on certain variable rate mortgages. Business • 18 Apr 23
AIB recognised for its green loan book AIB has announced that it has become the first bank in the world to secure a scientifically validated electricity generation maintenance target from the global Science Based Target Initiative (SBTi). Business • 06 Apr 23
AIB recognised for its green loan book AIB has announced that it has become the first bank in the world to secure a scientifically validated electricity generation maintenance target from the global Science Based Target Initiative (SBTi). Business • 06 Apr 23
800 BoI customers had some debt written down since 2016 Bank of Ireland has told an Oireachtas committee that since 2016 around 800 of its customers experiencing financial difficulty have had an element of their outstanding mortgage debt written down following the sale of the property held as security. Business • 24 Mar 23
800 BoI customers had some debt written down since 2016 Bank of Ireland has told an Oireachtas committee that since 2016 around 800 of its customers experiencing financial difficulty have had an element of their outstanding mortgage debt written down following the sale of the property held as security. Business • 24 Mar 23
AIB Group Chief Technology Officer to leave the bank AIB's Group Chief Technology Officer is to leave the bank. Business • 23 Mar 23
AIB Group Chief Technology Officer to leave the bank AIB's Group Chief Technology Officer is to leave the bank. Business • 23 Mar 23
83 AIB customers had debts of €1m or more written off The total value of the loans of the more than 1,900 AIB customers who have had their debts written down by over 90% since 2015 is €533.8m, the bank has told an Oireachtas committee. Business • 22 Mar 23
83 AIB customers had debts of €1m or more written off The total value of the loans of the more than 1,900 AIB customers who have had their debts written down by over 90% since 2015 is €533.8m, the bank has told an Oireachtas committee. Business • 22 Mar 23
AIB sets carbon reduction targets for €43.5bn of loans AIB has set carbon reduction targets for around €43.5bn of its customer loans, as part of its sustainability plans. Business • 19 Mar 23
AIB sets carbon reduction targets for €43.5bn of loans AIB has set carbon reduction targets for around €43.5bn of its customer loans, as part of its sustainability plans. Business • 19 Mar 23
AIB to introduce profit-sharing scheme for staff AIB has told staff that it intends to introduce healthcare cover and an approved profit-sharing scheme, following the partial lifting last year of restrictions on bankers' remuneration. Business • 08 Mar 23
AIB to introduce profit-sharing scheme for staff AIB has told staff that it intends to introduce healthcare cover and an approved profit-sharing scheme, following the partial lifting last year of restrictions on bankers' remuneration. Business • 08 Mar 23
Commercial real estate revaluations 'manageable' The country's two dominant banks, AIB and Bank of Ireland, expect commercial real estate values to fall this year but said this week conservative underwriting in their lending to the sector will make any revaluation manageable. Business • 08 Mar 23
Commercial real estate revaluations 'manageable' The country's two dominant banks, AIB and Bank of Ireland, expect commercial real estate values to fall this year but said this week conservative underwriting in their lending to the sector will make any revaluation manageable. Business • 08 Mar 23
AIB posts profits after tax of €765m for 2022 AIB has reported profits after tax of €765m for 2022, up from €645m in 2021, and said it has made a good start to 2023 with positive momentum in income. Business • 08 Mar 23
AIB posts profits after tax of €765m for 2022 AIB has reported profits after tax of €765m for 2022, up from €645m in 2021, and said it has made a good start to 2023 with positive momentum in income. Business • 08 Mar 23
Around 1,900 AIB customer loans reduced by over 90% A senior AIB executive has told an Oireachtas committee that the bank does not do special debt cancellation deals for special individuals. Business • 02 Mar 23
Around 1,900 AIB customer loans reduced by over 90% A senior AIB executive has told an Oireachtas committee that the bank does not do special debt cancellation deals for special individuals. Business • 02 Mar 23
AIB raises €750m in latest 'social' bond issuance AIB said it raised €750m from the issuance of its second social bond yesterday. Business • 17 Jan 23
AIB raises €750m in latest 'social' bond issuance AIB said it raised €750m from the issuance of its second social bond yesterday. Business • 17 Jan 23
CCPC clears AIB's purchase of Ulster Bank tracker book AIB's proposed acquisition of the tracker mortgage portfolio of the departing Ulster Bank has been cleared by the competition watchdog. Business • 13 Jan 23
CCPC clears AIB's purchase of Ulster Bank tracker book AIB's proposed acquisition of the tracker mortgage portfolio of the departing Ulster Bank has been cleared by the competition watchdog. Business • 13 Jan 23
Number of mergers notified to CCPC fell by 16% in 2022 The number of mergers notified to the Competition and Consumer Protection Commission (CCPC) fell by 16% last year to 68. Business • 06 Jan 23
Number of mergers notified to CCPC fell by 16% in 2022 The number of mergers notified to the Competition and Consumer Protection Commission (CCPC) fell by 16% last year to 68. Business • 06 Jan 23
