AIB €500m Plan

AIB’s €500m Plan to Provide 1,000 New Apartments Annually in Ireland

AIB, in collaboration with Activate Capital through the Irish Apartment Development Fund (IADF), is set to launch a groundbreaking €500 million initiative. This ambitious project aims to deliver 1,000 new apartments every year, catering to various housing needs across Ireland. The initiative will encompass mixed-tenure homes, including options for owner-occupiers, private sector rentals, cost rentals, … Read more

AIB issues fresh warnings as online banking fraud targets customers

AIB has issued a fresh warning about scam attempts by fraudsters pretending to be from the bank. The bank urged customers to remain vigilant after it received reports of ‘fake’ text messages being sent to customers appearing to be from the bank’s phone number. AIB said in a statement, “Fraudsters are targeting customers like you … Read more

297,000 personal current accounts opened in 2022 in Ireland

According to the Banking Payments Federation Ireland, 297,000 new personal current accounts opened in 2022. (BPFI). Each week, 11,000 new personal current accounts were created on average. Through June and throughout the first part of July, the number of personal current accounts grew steadily. In the four weeks that ended on July 8th, about 71,000 … Read more

Spending in pubs up 49% in February as customers spend €1.6m a day

Consumer spending in pubs during the month of February rose 49 percent as the hospitality sector returned to full capacity following two years of restrictions, according to an AIB report. On average, consumers spent €1.6 million a day in pubs through the month with those in Dublin spending €500,000 a day in pubs, more than … Read more

Ulster Bank customers will get 6 months to close their accounts; Formal letters will be sent advising necessary actions

Ulster Bank customers will get a six month period to close their accounts before the bank’s complete withdrawal from Irish Market. The 88 branches will be open for the first half of 2022 and serve the customers regarding their account closure, Ulster Bank CEO Jane Howard told an Oireachtas committee. Ulster Bank had earlier told … Read more