Bank net interest income soars as it gets high returns on excess savings even while raising lending rates modestly
Colin Hunt
Taoiseach Leo Varadkar signals move on restoring relief to mortgage holders shouldering increased borrowing costs will be considered by Government
Bank is ‘deeply conscious’ of its obligations to ‘broad array of customers’, said chief executive Colin Hunt
Government has continued to lower its stake in the bank this year, reducing it to 53.4% last week
Bank also to pay the State €88.6 million via a dividend
Mapping Ireland’s Bank Closures: More than a third of bank branches have closed since 2008 and the future seems likely to hold more of the same
Lowering of interest rate expectations will have bigger effect on market sentiment towards Irish banks, with their higher reliance on interest income
Lender set to follow Bank of Ireland with credit risk transfer deals
Joint venture with Canada Life Irish Holding Company also names chartered accountant and former senior banker Tom Foley as chairman
ECB’s recent interest rate hikes have improved the earnings outlook for AIB and other Irish banks
Move has reduced State’s holding in AIB to about 57 per cent
Banks among the few winners in a rising rates environment, but a drawn-out period of inflation could cause pain
Lender sees new account opening surge 82% as customers move from Ulster Bank and KBC
Renewables group has planning permission for two solar farms in Wexford which it expects to build next year after power purchase agreement signed
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