Executives from AIB have met Minister for Finance Michael Noonan to discuss the controversy over standard variable mortgage rates. 

Emerging from the meeting, AIB's director of retail and business banking Bernard Byrne said the bank had cut rates twice in the past six months. 

Mr Byrne added AIB had also seen its share of the mortgage market increase by 6%.

Mr Byrne was accompanied to the meeting by outgoing CEO David Duffy. 

They were the first in a series of bankers to meet Mr Noonan. 

AIB also took advertisements in today's newspapers to highlight its 0.25% rate cuts, which were announced in December and earlier this month.