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AIB: reports of 90 branch closures is 'total speculation'

An internal document issued to AIB staff yesterday stated that “unviable” branches would be closed.
Jul 7th 2012, 4:15 PM 4,490 18

AIB HAS DISMISSED reports that up to 90 branches could close as a result of cost-cutting measures.

An internal statement issued to staff yesterday reiterated details from AIB’s annual report that some “unviable” branches would be closing as a result of an extension of banking services available at post offices, and the opening of branches in new locations.

A source at the bank told TheJournal.ie that the figure of 90 branches being reported today is “total speculation”, and that no figure has been made public by AIB.

The source also said that this information about branch closures is not new, that it was reported on in March and that the document issued to staff was merely reiterating those plans.

Staff reject AIB plans for pay freeze and pension changes>

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Emer McLysaght

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