AIB Lending in Britain Up 54%
World Economy

AIB Lending in Britain Up 54%

Allied Irish Bank has increased its new business lending in Britain by 54% year-on-year to £768 million ($1.16 billion) in the first half of 2015. Gerard O’Keeffe, head of Allied Irish Bank (GB), said this reflected the success of its relationships with owner-managed businesses, NewsNow reported. “We have adjusted our business to deliver what owner managers say they want most–personal relationships with expert managers, clear and consistent advice and support, and strong networks in local business communities,” he said. To support the bank’s growth, AIB has also recruited six relationship managers across Britain since the beginning of the summer. It has also begun the process of appointing five new regional directors to lead its growth in Britain and has invested in updating its IT platforms to the latest technology across all its locations by the end of October 2015. AIB’s unit in Britain operates as a specialist business bank, primarily focused on owner-managed businesses. It also operates a corporate banking team focused on the mid-market.


Short URL : https://goo.gl/yvxeg0
  1. https://goo.gl/zBB9eQ
  • https://goo.gl/D5Kxto
  • https://goo.gl/FRsO2i
  • https://goo.gl/wCkylx
  • https://goo.gl/xY7Ujk

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...