Professional Documents
Culture Documents
AIB Presentation
AIB Presentation
AIB Presentation
A presentation to
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Challenging Times
• Tough economic conditions continue, recovery likely to be
slower
• Government Budget deficits
• Tax receipts remain severely affected
• Further public spending cuts
• SME Business sales and activity down
• Weak SME customer loan demand
• Cost of borrowing experiencing an upward trend
• Exports up
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AIB Supporting Business
• Largest business bank in Ireland with 180,000 SME and Business
customers.
- Strong market share
- Very substantial SME Loan Book
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AIB is lending and we want to lend
• It is not in our interest, or that of our customers to support propositions
that are not viable in the long term.
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SME’s Critical to the Economy
• Nationally
- 270,000 SME’s
- Employ 800,000
- Includes Agri & Farming Enterprises
- SME’s are more flexible, responsive to change
(have potential to re-employ)
• SME’s are major focus of Bank recapitalisation
commitments
• Critical to our business & future
• Commitment to Government to lend additional E3bn to SME
sector in each of 2010 and 2011
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Our Structure to supporting Business
• Business Centres
- 15 Business Centres nationwide
- 250 highly skilled Relationship Managers providing a comprehensive
and tailored service for our larger business customers
- SME lending desk manned
• Retail Branches
- 260 Retail branches
- SME Specialist in each branch working with supporting the Small to
Medium size SME’s with day to day banking & providing full range of
banking services
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Our SME Lending Plan
2010/2011…..underway
Much in progress
Credit Training for staff
Engagement with Enterprise Ireland & Irish Bankers federation
New Emerging Sectors team
E120m fund for IPF / Prompt Pay
E60m Agri Asset Fund
E500m SME Recovery Fund
Additional E20m Seed Capital to the existing E53m fund
E150m EIB Fund
Invitation to BoSI customers
Sectoral Guides and expertise
Internal Credit Appeals process in place
External Credit Review office appointed by Government
SME Lending desk
Customer surveys
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Our SME Lending Plan
2010/2011…..underway
…… with more to do
Customer Seminars
Exporters initiatives
Further E100m Environmental Fund
SME Support guides / tools
Start Up Business propositions
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And finally
SME Sector is critical to Recovery of this economy
As Business Leaders’ we have a critical role and responsibility to rebuild
confidence
We have re-organised ourselves internally to deal with the challenging
environment …. with more to be done
We are raising our profile / visibility in our local communities
We have our SME Plan in place – approved by Govenrment
We need to demonstrate to all concerned that AIB will not be found
wanting
Successful implementation of this plan is imperative:-
We must do it for our customers
We must do it for ourselves
We must do it for our stakeholders
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Thank You
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Important Regulatory Information
Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status
and are not available to persons under 18 years of age .Security may be required.
For Asset Finance products: A Documentation Fee of €63.49 applies to Loan & Hire Purchase. For Leasing , this
Documentation Fee also applies and is subject to V.A.T. at the applicable rate. This fee will be charged with the first
repayment. In the case of Hire Purchase, there is a Purchase Fee of €12.70 payable on completion.
For Business Credit Cards : Government Stamp Duty of €30.00 is charged annually per credit card. Annual fees also
apply depending on the choice of business card.
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