Oireachtas Joint and Select Committees
Thursday, 24 November 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Allied Irish Banks
9:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I note that AIB's fixed rates are higher than its variable rates. This is the bank's pricing strategy, presumably, which is quite different to Bank of Ireland's, which has kept its variable rate high and opted for lower fixed rates. AIB has reduced its variable rates. Its fixed rates are slightly higher than its variable rates. This is a very deliberate policy.
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