The Government has sold a 5 per cent stake in AIB Group to lower its holding in one of its two partly state-owned lenders to 25 per cent and raising €593 million. The accelerated placement at €4.90 per share compared with a price of €3.93 per share the last time the Government sold a stake […]
AIB is reducing its four-year fixed mortgage rate for customers borrowing €250,000 or more by 0.25 per cent from July 3rd. The new rate is also available to existing AIB mortgage customers with a balance of at least €250,000. Switcher customers who meet the criteria and wish to avail of the fixed rate will also […]
Self-build customers in the process of building or planning to build their own home now meet the criteria for discounted green mortgage rates with the AIB. A green mortgage is a mortgage which offers a lower interest rate to people who are buying a more energy-efficient home. Previously, customers could draw down the initial instalments […]
A retired man has secured permission from the High Court to challenge the Financial Services and Pensions Ombudsman’s refusal to investigate his complaint over loans he claims he was mis-sold by AIB. Martin Mahoney claims the ombudsman’s decision not to investigate his 2021 complaint, on the basis that it is outside the respondent’s jurisdiction, is […]
A retired man has secured permission from the High Court to challenge the Financial Services and Pensions Ombudsman’s refusal to investigate his complaint over loans he claims he was mis-sold by AIB. Martin Mahoney claims the ombudsman’s decision not to investigate his 2021 complaint, on the basis that it is outside the respondent’s jurisdiction, is […]
AIB has announced plans to boost shareholder returns more than four-fold after higher interest rates helped the bank more than double its full-year after-tax profit and lift profitability targets, sending shares up 4 per cent. The State’s highly concentrated banking sector makes more of its profit through interest revenue than its European peers. AIB raised […]