Menu
30/07/2012
Byrne Slams AIB Branch Closures And Interest Rate Hike
Fianna Fáil Senator Thomas Byrne has said that South Meath has suffered a double blow with the new that two AIB branches are to close.
In addition to this thousands of local mortgage holders will be stung with higher interest rates following an announcement by the State owned bank last week.
"AIB's decision to hike mortgage interest rates is completely unacceptable given that the ECB rate is at its lowest level ever," said Senator Byrne. "It will put even more pressure on AIB mortgage holders in South Meath and across the country, many of whom are already in serious difficulty with their mortgages. Homeowners with an average sized mortgage will now see their annual payments increase by over €1,000.
"Local bank branches are a pivotal part of so many communities across Co Meath. While I recognise that there is a growing trend of online banking, customer service must remain a top priority for banks. There will be a direct loss if business in Dunshaughlin and Dunboyne as a result of this decision. These were busy outlets. In fact, I often received complaints about the queues being too long in these branches.
"I am calling on AIB to revisit these commuter belt closures in their own interests at least. Dunboyne and Dunshaughlin are two of the areas still experiencing population growth and a proper banking service would be of mutual benefit."
(CD/GK)
In addition to this thousands of local mortgage holders will be stung with higher interest rates following an announcement by the State owned bank last week.
"AIB's decision to hike mortgage interest rates is completely unacceptable given that the ECB rate is at its lowest level ever," said Senator Byrne. "It will put even more pressure on AIB mortgage holders in South Meath and across the country, many of whom are already in serious difficulty with their mortgages. Homeowners with an average sized mortgage will now see their annual payments increase by over €1,000.
"Local bank branches are a pivotal part of so many communities across Co Meath. While I recognise that there is a growing trend of online banking, customer service must remain a top priority for banks. There will be a direct loss if business in Dunshaughlin and Dunboyne as a result of this decision. These were busy outlets. In fact, I often received complaints about the queues being too long in these branches.
"I am calling on AIB to revisit these commuter belt closures in their own interests at least. Dunboyne and Dunshaughlin are two of the areas still experiencing population growth and a proper banking service would be of mutual benefit."
(CD/GK)
Related Irish News Stories
Click here for the latest headlines.
16 January 2009
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public. TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public. TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
10 August 2010
AIB Pay Staff Green Fees Despite Mortgage Hike
It has emerged the Anglo Irish Bank is to raise its variable mortgage rate despite offering to pay employees’ golf club fees and leisure club memberships worth millions of euro per year. In recent months, the bank has faced near closure, an ongoing Gardaí investigation, and required an immense taxpayer subsidy.
AIB Pay Staff Green Fees Despite Mortgage Hike
It has emerged the Anglo Irish Bank is to raise its variable mortgage rate despite offering to pay employees’ golf club fees and leisure club memberships worth millions of euro per year. In recent months, the bank has faced near closure, an ongoing Gardaí investigation, and required an immense taxpayer subsidy.
19 March 2014
Consistency Needed In Bank Handling Of Mortgage Arrears
Greater consistency is needed in how different banks handle mortgage arrears, Fianna Fáil has said.
Consistency Needed In Bank Handling Of Mortgage Arrears
Greater consistency is needed in how different banks handle mortgage arrears, Fianna Fáil has said.
18 January 2018
Tracker Mortgage Victims Deserve 'Real Answers'
Ulster Bank's tracker mortgage victims deserve real answers as to why they are being made to wait while other banks are further advanced with their redress and compensation schemes.
Tracker Mortgage Victims Deserve 'Real Answers'
Ulster Bank's tracker mortgage victims deserve real answers as to why they are being made to wait while other banks are further advanced with their redress and compensation schemes.
05 November 2012
Variable Rate Mortgages Rising Would Be A 'Disaster' - FF
The prospect of standard variable rate mortgages rising to between 5% and 6% over the next few years would be a disaster for hundreds of Waterford families that bank with AIB, according to the Fianna Fáil Cllr Michael J O’Ryan.
Variable Rate Mortgages Rising Would Be A 'Disaster' - FF
The prospect of standard variable rate mortgages rising to between 5% and 6% over the next few years would be a disaster for hundreds of Waterford families that bank with AIB, according to the Fianna Fáil Cllr Michael J O’Ryan.
-
Ireland WeatherToday:A rather cloudy morning, with a little patchy light rain or drizzle to start. Skies clearing and becoming dry and increasingly sunny in the afternoon. Maximum temperature 13 °C.Tonight:Dry with prolonged clear spells through the evening and overnight. This will allow for some fog patches to develop in places overnight. Minimum temperature 2 °C.
