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.
He guaranteed that those branches would remain in place for as long as he is at the helm."I can give you that guarantee." New lending increased by 20% to €5.4 billion including green lending €1.3 billion, representing 23% of total new lending.AIB has got its non-performing loan total to below the key 5% of its book.
It has opened 205,000 bank accounts, an increase of 110%.AIB expects its customer base to exceed 3 million once all Ulster Bank customer loans have transferred to the bank and new customers join from the departing lender and KBC.
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'We got it wrong, we made a mistake': AIB not planning to return to cashless branch strategyAnymore on the government side of things, journal gone strangely quiet about it as is paschal Good news for the people who would have been impacted but how are they supposed to run a business? Cash is virtually dead, cheques are extinct, forex can be sorted at airports. There’s a business reason they were doing this.
Source: thejournal_ie - 🏆 32. / 50 Read more »
AIB chief confirms that cashless branches proposal is off the agenda | JOE.ieAIB chief confirms that cashless branches proposal is off the agenda
Source: JOEdotie - 🏆 31. / 51 Read more »
'We got it wrong, we made a mistake': AIB not planning to return to cashless branch strategyAnymore on the government side of things, journal gone strangely quiet about it as is paschal Good news for the people who would have been impacted but how are they supposed to run a business? Cash is virtually dead, cheques are extinct, forex can be sorted at airports. There’s a business reason they were doing this.
Source: thejournal_ie - 🏆 32. / 50 Read more »
AIB may top key 2023 target as first-half profit jumps to €477mIncrease driven by AIB releasing €309m of loan loss provisions in the first half of this year, up from €103m
Source: IrishTimes - 🏆 3. / 98 Read more »