27/07/2012
AIB Branches To Close Across Ireland And NI
Nearly 70 branches of Allied Irish Banks are to close in Northern Ireland and the Republic.
The bank confirmed that 51 locations will shut up shop by the end of the year, with the remaining 16 closing in 2013.
An AIB spokeswoman insisted there would be no compulsory redundancies involved, telling the Belfast Telegraph that 346 full- and part-time staff members working in the affected branches would be "redeployed".
The company announced plans in March to lay off 2,500 staff members by the end of 2013, as part of its aim to save €170m a year.
A further five branches at AIB's subsidiary First Trust Bank in Northern Ireland have also been earmarked for closure.
Larry Broderick, of the Irish Bank Officials Association, said some Irish towns could end up with just an ATM and no bank branch.
He said the closures would "come as a major shock to customers in these areas, who have come to rely on the service from their local branch".
The first bank will close its doors for good on October 12.
AIB chief executive David Duffy said the closures were necessary to allow AIB to continue providing credit to the economy at sustainable levels.
He insisted there would be little inconvenience to customers due to a recent deal struck with An Post, which has agreed to extend banking facilities.
Customers will be able to lodge cheques and deposits at post offices across Ireland, which the bank claims could minimise disruption.
(NE/GK)
The bank confirmed that 51 locations will shut up shop by the end of the year, with the remaining 16 closing in 2013.
An AIB spokeswoman insisted there would be no compulsory redundancies involved, telling the Belfast Telegraph that 346 full- and part-time staff members working in the affected branches would be "redeployed".
The company announced plans in March to lay off 2,500 staff members by the end of 2013, as part of its aim to save €170m a year.
A further five branches at AIB's subsidiary First Trust Bank in Northern Ireland have also been earmarked for closure.
Larry Broderick, of the Irish Bank Officials Association, said some Irish towns could end up with just an ATM and no bank branch.
He said the closures would "come as a major shock to customers in these areas, who have come to rely on the service from their local branch".
The first bank will close its doors for good on October 12.
AIB chief executive David Duffy said the closures were necessary to allow AIB to continue providing credit to the economy at sustainable levels.
He insisted there would be little inconvenience to customers due to a recent deal struck with An Post, which has agreed to extend banking facilities.
Customers will be able to lodge cheques and deposits at post offices across Ireland, which the bank claims could minimise disruption.
(NE/GK)
Related Irish News Stories
Click here for the latest headlines.
28 February 2024
Gaming Business Ideas To Start In Ireland
Are you passionate about gaming and considering turning your hobby into a profitable business in Ireland? You're in luck! The gaming industry is booming, and many opportunities are waiting for you. Here are ten gaming business ideas that could be your ticket to success in this exciting field. 1.
Gaming Business Ideas To Start In Ireland
Are you passionate about gaming and considering turning your hobby into a profitable business in Ireland? You're in luck! The gaming industry is booming, and many opportunities are waiting for you. Here are ten gaming business ideas that could be your ticket to success in this exciting field. 1.
26 February 2024
Exploring The Rise Of The Latest Irish Online Casinos
Today, online casinos are more popular than ever. They have attracted players from all over the world and the country of Ireland is no exception.
Exploring The Rise Of The Latest Irish Online Casinos
Today, online casinos are more popular than ever. They have attracted players from all over the world and the country of Ireland is no exception.
12 March 2024
How Much Gambling Takes Place in Ireland?
When we think of Ireland, we may think of many things ranging from lush green landscapes to Guinness and Irish dancing, but it may be surprising to learn that the country has a passion for gambling.
How Much Gambling Takes Place in Ireland?
When we think of Ireland, we may think of many things ranging from lush green landscapes to Guinness and Irish dancing, but it may be surprising to learn that the country has a passion for gambling.
17 September 2009
Shares Rise As NAMA Debate Continues
The market has reacted positively to the ongoing debate on the National Asset Management Agency, (NAMA). This morning, shares in Irish banks rose in early trading with AIB up 29% in the first 20 minutes of trade in Dublin this morning, to stand at €3.40. Bank of Ireland shares also gained rising almost 17% to stand at €3.
Shares Rise As NAMA Debate Continues
The market has reacted positively to the ongoing debate on the National Asset Management Agency, (NAMA). This morning, shares in Irish banks rose in early trading with AIB up 29% in the first 20 minutes of trade in Dublin this morning, to stand at €3.40. Bank of Ireland shares also gained rising almost 17% to stand at €3.