Thursday 26 April 2018

David Duffy: 'AIB will not write off debts for those who are able to pay'

AIB management is acutely aware of the significant support received from the State and taxpayers and of our responsibility to contribute meaningfully to economic recovery and return value to the Irish taxpayer over time.

Our clear objectives, therefore, are to support the growth of the Irish economy, restructure mortgage and Small and Medium Enterprise (SME) arrears, return AIB to sustainable profitability so that we can generate capital for lending into the economy and to deliver consistently strong customer service.

Ultimately, we are seeking to reposition the bank as one which will attract external investment to allow the Government to determine the timing of a return of the taxpayers' funds previously invested in the stabilisation of AIB.

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