It expects the ECB to increase its deposit rate from minus-0.5 per cent to zero by the end of the year. The Bank of England’s base rate, the subject of a 0.25 percentage point increase on Thursday to 1 per cent, is expected to be at 2 per cent by close of 2022.said market consensus estimates for AIB’s full-year underlying pretax profit should move up about 10 per cent from €490 million, currently, as a result of the new guidance.
“Today I am pleased to announce both a strong first-quarter performance and the commencement of our share buyback programme,” said chief executive Mr Hunt told reporters after the agm that AIB was planning to hire as many as 700 temporary staff to help manage an expected surge in Ulster Bank andcustomers seeking to open current and deposit accounts elsewhere in the coming months as the foreign-owned lenders retreat from the Republic.
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