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Submission to the Finance Department had warned about the impact of AIB's Central Bank fine for tracker mortgage failings

AIB fine a 'negative surprise' ahead of stake sale

Finance Minister Paschal Donohoe was warned that a hefty fine for AIB over tracker mortgages could represent a "negative surprise" as the State prepared to sell a significant stake in the bank.

Business • 09 Aug 22

'We moved far too far, far too fast' - Colin Hunt

'We got it wrong' - AIB CEO on cashless branch plan

The chief executive of AIB has admitted the bank "got it wrong" when it announced that it was to turn 70 of its 170 branches into cashless outlets, last week.

Business • 29 Jul 22

In a customer update on its website, AIB said the change will take effect in August for most customers.

AIB tracker mortgage rates to rise by 0.5% from August

AIB has said tracker mortgage rates will increase for all tracker mortgage customers by 0.5% in line with the European Central Bank increase.

Business • 26 Jul 22

It is just three days since the bank announced it planned to axe cash and cheque services from 70 more of its 170 nationwide branches

AIB U-turn represents victory for customers

It's pretty unusual for companies to make big, public U-turns.

Business • 22 Jul 22

AIB has said 70 of its 170 branches would be turned into cashless outlets

Taoiseach says AIB should 'reconsider' cashless move

The Taoiseach has said AIB should "reconsider and reflect on" its decision to remove cash facilities at 70 branches around the country.

Politics • 21 Jul 22

AIB is hiring 500 staff for digital roles

AIB to turn 70 branches cashless, expand An Post deal

AIB is to turn 70 of its 170 branches into cashless outlets as a result of what it has claimed is declining demand for these services.

Business • 19 Jul 22

Today's PMI reading was the second weakest increase in activity in over a year as input prices and charges rose at the fourth-fastest rates on record

Services growth slows in June on inflation concerns

Growth in the country's services sector slowed markedly in June as concerns over inflation cut firms' expectations for the next 12 months to the lowest level since the country was still in the grip of the Covid pandemic.

Business • 05 Jul 22

The AIB S&P Global manufacturing Purchasing Managers' Index fell to 53.1 in June from 56.4 in May

Manufacturing growth eases to 16-month low - PMI

Manufacturing growth slowed to a 16-month low in June as new orders contracted in the face of rising prices, a survey showed today.

Business • 01 Jul 22

AIB CEO Colin Hunt said the stake sale marked a 'normalisation' of the bank's share register

State raises €305m by selling 5% AIB stake

The Government has raised €305m through the sale of a 5% stake in AIB as it cut its majority shareholding in the bank to 63.5%, the Department of Finance said today.

Business • 28 Jun 22

Govt to sell additional 5% of its AIB shareholding

The Government has announced it's to sell an additional 5% of its shareholding in AIB.

Business • 28 Jun 22

The Government's stake in AIB has been reduced from about 71.2% to about 68%

AIB's share trading plan extended up to January

Minister for Finance Paschal Donohoe said today he was extending AIB Group's share trading plan, which was first announced in December.

Business • 24 Jun 22

The Central Bank has imposed a fine of €83.3m on AIB for breaches relating to tracker mortgages

AIB and EBS fined record €96.7m over tracker failures

The Central Bank has fined AIB and EBS a combined €96.7m for their part in the mortgage tracker affair - the largest fine ever levied by the Central Bank.

Business • 23 Jun 22

AIB said the €400m non-performing loan sale cuts its non-performing ratio to 4.4%

AIB sells €400m non-performing loan portfolio

AIB has sold a non-performing loan portfolio in long-term default to Everyday Finance, part of a consortium that includes Everyday, affiliates of Cerberus Capital Management and LCM Partners Limited.

Business • 21 Jun 22

250 staff will transfer to AIB from Ulster Bank

Ulster Bank staff vote in favour of AIB transfer deal

Ulster Bank staff who are members of the Financial Services Union (FSU) have narrowly voted to accept a terms of transfer deal governing their movement from Ulster Bank to AIB.

Business • 17 Jun 22

New account openings at both AIB and Bank of Ireland are up more than 120% compared to last year

Banks opening record number of new accounts

Both AIB and Bank of Ireland have reported a more than 120% increase in new account openings in recent weeks as customers of both Ulster Bank and KBC Bank Ireland look for a new bank ahead of their departure from the Irish market.

Business • 07 Jun 22

Mr Kennedy will join the board and take up the position of chair with immediate effect

Gary Kennedy appointed chair of Goodbody Stockbrokers

Goodbody Stockbrokers has announced the appointment of Gary Kennedy as a non-executive director and chair of the company.

Business • 02 Jun 22

Back in April, the bank said it had started exclusive discussions with NatWest.

AIB acquires €5.7bn of Ulster Bank's tracker mortgages

AIB has confirmed that it has acquired around €5.7 billion of Ulster Bank's performing tracker mortgages.

Business • 01 Jun 22

AIB is buying €4.2 billion of performing corporate and commercial loans from Ulster Bank as it winds down its operations here

AIB and FSU in deal on transferring Ulster Bank staff

AIB and representatives of the Financial Services Union (FSU) have reached agreement on proposals governing the transfer of staff from the departing Ulster Bank to AIB alongside assets it is buying.

Business • 01 Jun 22

AIB's €91m share buyback plan now complete

AIB said today that its share buyback programme has been successfully completed.

Business • 26 May 22

Cathy Bryce, AIB Managing Director of Capital Markets and James Livingston, Foresight Partner

AIB and Foresight Group team up on €75m SME equity fund

AIB has appointed SME and sustainable infrastructure investment manager Foresight Group to manage a new equity fund for small and medium sized enterprises.

Business • 09 May 22

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

AIB to hire up to 700 staff to deal with new customers

AIB is to deploy between 500 and 1,000 staff to help deal with the influx of new customers arising from the impending departure from the Irish market of Ulster Bank and KBC Bank Ireland.

Business • 05 May 22

AIB said its total income increased 4% in the first three months of the year

AIB raises income outlook, announces share buyback

AIB has today reported a strong first quarter performance and announced the start of a share buyback programme for up to €91m.