Business Irish

Thursday 20 June 2019

AIB wants graduates for first time since crash

AIB Headquarters in Dublin
AIB Headquarters in Dublin

Paul O'Donoghue

AIB is to relaunch its graduate recruitment programme - which was shelved following the financial crash - for students who are graduating in 2016.

The programme is expected to recruit at least 50 college-leavers over five years.

A spokeswoman for the bank said that programme was withdrawn in 2009, adding that the number of graduates recruited before its withdrawal would have varied year to year with demand.

The lender said the move "reflects increasing demand for high calibre graduates as the bank returns to profitability and growing commercial activity".

AIB's director of finance, Myles O'Grady, said: "We are delighted to formally relaunch our graduate recruitment programme within the finance team, which is another positive step in the future of the bank. 

"The graduates will be offered mentorship, the opportunity to pursue professional qualifications and the chance to be part of a diverse finance team and a wider organisation committed to being at the heart of our customers' financial lives."

The programme will be re-opened in the New Year.

The move reflects the improving financial fortunes of the bank, which was bailed out to the tune of €21bn during the financial crisis.

Earlier this month AIB received approval from the EU banking regulator, the Single Supervisory Mechanism, to begin the process of repaying €3.3bn to the State.

It is planned that 25pc of AIB shares will be floated either next summer or in early autumn.

Irish Independent

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