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AIB to close 15 branches by December this year

DUBLIN: AIB, one of Ireland’s four major commercial banks, is shutting 15 of its Republic branches following a strategic review. The State-backed bank plans to close the majority of its branches in Dublin and Cork and merge their operations with those of other nearby branches. 

AIB said the latest move was due to increased customer digital usage and declining branch visits. The mergers will take place in stages beginning in September and will be completed by December.

Earlier this year, Jim O’Keeffe, AIB Managing Director of Retail Banking, stated that the bank is “committed to maintaining a strong presence in the communities we serve throughout Ireland.” But the bank’s announcement of closure contradicts his statements. However, AIB will retain 170 branches across the Republic.

The decision will have an impact on about 100 AIB staff across 15 branches. Customers are not required to take any action and will be contacted in due course, the bank said. 

Last week the bank said it intends to close more than half of its 15 branches in Northern Ireland. It also stated in December of last year that it would cut off 1,500 jobs and close three of its six Dublin head offices.

AIB is also working to expand its partnership with An Post.  Customers will be able to carry out cash services at 900 post offices under a new initiative that is currently in progress.

College Road, Donnybrook, Blackrock Road, Sutton, Sandyford, Skerries, Dalkey, and 37/38 O’Connell Street are among the branches that will close in Dublin.

The move, according to AIB, is another step towards securing the survival of its branch network in a time of negative interest rates and competition from non-traditional lenders.

AIB claimed that its customers now engage with its digital app more than 1.54 million times per day, and that they make 35,000 daily branch visits, down from 50,000 two years ago.

FSU criticised bank’s decision

The Financial Services Union (FSU) criticised the bank’s decision and demanded that it must be reversed.

John O’Connell, general secretary of the Financial Services Union, said the closures of branches are undermining the chances of a successful reopening of the economy. It also causes a great deal of stress for employees, businesses, and local communities, he added.

FSU urges the governor to intervene in the matter and direct the bank to suspend any branch closures until the community and economy reopen.

The closing branches are:

Branch                                               Closing date               Accounts moving to

College Road, Cork                            Sep 24th                     Western Road

Donnybrook, Dublin                           Sep 24th                     Ranelagh

Blackrock Road, Cork                          Sep 24th                     66 South Mall

Sutton, Dublin                                     Oct 1st                         Raheny

Little Island, Cork                              Oct 8th                       Midleton

Sandyford, Dublin                              Oct 15th                     Stillorgan

North Main Street, Cork                     Oct 22nd                    66 South Mall

Skerries, Dublin                                  Oct 29th                     Balbriggan

Ennis Road, Limerick                         Nov 5th                      106 O’Connell Street

Douglas Court, Cork                           Nov 12th                    Douglas Road

Golden Island                                     Nov 19th                    Athlone

Ballyphehane, Cork                            Nov 26th                    66 South Mall

Dalkey, Dublin                                    Dec 3rd                      Dún Laoghaire

37/38 O’Connell Street, Dublin           Dec 3rd                      Capel Street

Newcastle Road, Galway                   Dec 10th                    Lynch’s Castle

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