AIB Group - News, Articles & Research

Company announcement/people

AIB appoints Barry Field as corporate affairs director

AIB has today announced changes to its Executive Committee to support the delivery of its new three-year strategy which places an enhanced focus on serving the bank’s 3.2 million customers, further greening of its loan book and driving greater operational efficiency. The bank is creating three new ExCo roles effective from February 1st. to help deliver these key priorities in line with its new strategy (2024-2026).

19 January 2024

News/payments

Irish banks ditch plans to build mobile payments app

Irish banks have abandoned plans to launch a mobile payments app in the face of regulatory holdups and a rapidly changing payments landscape.

15 November 2023

News/retail

AIB apologises for online banking glitch

Irish high street bank AIB has admitted to a glitch in its online banking service after it was highlighted by newspaper The Irish Independent.

30 October 2023

News/retail

UK's bank branch sharing project to be extended

A trial project involving bank branches shared by multiple institutions is set to be rolled out across the UK.

06 September 2022

News/payments

AIB makes u-turn on decision to scrap ATMs following backlash

In a media release circulated by Paddy McDonnell, head of media relations for AIB, the bank announced it will retain its 170-strong branch network and will not remove cash services from 70 of its branches - a reversal on its announcement earlier this week.

22 July 2022

News/retail

Ireland's AIB to scrap ATMs at 70 branches

Irish high street bank AIB is set to discontinue cash services at 70 of its branches in a move that has caused an outcry in rural Ireland.

20 July 2022

News/retail

Starling abandons plans to launch in Ireland

UK challenger bank Starling has decided not to pursue an Irish banking licence as it changes its plans for international expansion.

19 July 2022

News/sustainable

AIB and Foresight Group sustainable equity fund sets €75 million target

Ireland’s largest financial services provider, AIB, has appointed SME and sustainable infrastructure investment manager, Foresight Group, to manage a new SME equity fund, targeting €75 million. The fund will support businesses looking to accelerate Ireland’s low-carbon transition.

09 May 2022

News/cloud

AIB signs €65 million deal with IBM

Irish bank AIB has signed a €65 million, three-year deal with IBM to provide a clear pathway to a hybrid cloud technology environment.

16 December 2021

News/payments

Irish banks’ mobile payments plan hits roadblock

A payments app developed by Ireland’s high street banks to compete with digital banks has hit a snag after it was announced that the Competition and Consumer Protection Commission (CCPC) would launch an investigation.

09 December 2021

News/startups

Allica Bank buys AIB SME loan book

Challenger Allica Bank has boosted its profitability ambitions by agreeing to buy the £600 million British small business loan book of Allied Irish Bank.

23 November 2021

News/payments

Irish banks commit €5 million to payment app joint venture Synch

Four of Ireland's largest banks have committed a further €5 million to the establishment of a multibank payments app as a rival to alternative offerings from non-bank competitiors like Revolut.

22 November 2021

News/people

AIB prioritises financial literacy with skills programme for 12-18-year-olds

In an effort to support 500,000 customers with their financial literacy, communication, critical thinking, and digital innovation by 2023, AIB has launched a skills programme for 12-18-year-olds called Future Sparks.

06 September 2021

Company announcement/sustainable

AIB hones in on ESG with social bond framework

AIB has launched a Social Bond Framework paving the way for the bank to issue a Social Bond in the near future to further support communities across Ireland. The move comes at a time when Euro issuance of bonds for Environmental, Social and Governance (ESG) purposes looks set to exceed €350bn this year*.

23 August 2021

Company announcement/payments

AIB Merchant Services launches data insights tool to support businesses emerging from lockdown

AIB Merchant Services, Ireland’s largest payment solutions company, has launched ‘Main Street Insights’, an online tool that will enable small and medium sized businesses to access key insights and analytics.

24 June 2021

News/security

80% of Irish targeted by fraudsters

Four in five people in Ireland say they have received a text, call or email in the last year that they believe was from fraudsters, according to an AIB survey.

22 February 2021

Company announcement/sustainable

AIB pledges €1.25m to fund Chair of Sustainable Business in Ireland at University College Cork

AIB has announced a partnership with University College Cork (UCC) which will see the bank fund The AIB Chair of Sustainable Business, the first of its kind in Ireland.

08 February 2021

Company announcement/payments

Allied Irish Banks signs with Planixs for liquidity management

As one of the largest banks in Ireland, AIB monitors and funds numerous accounts in all the major global currencies on a daily basis, equating to a significant amount of transactions.

13 January 2021

News/payments

Irish banks club together on real-time payments app

Four of ireland's largest banks are joining forces to create a multi-bank payments app, according to the Irish Times.

13 January 2021

News/people

AIB to cut 1500 jobs

Allied Irish Bank plans to cut 1500 jobs by 2023 in an effort to cut costs by £1.35 billion and reshape its business to reflect the digital shift seen since the outbreak of the Covid crisis.

02 December 2020