AIB branch closures to follow An Post deal
State-controlled Allied Irish Banks has said it plans to close branches following a new deal with An Post to extend banking services throughout the State’s 1,100 post offices as the lender unveiled an update to its plans to restructure the business.
The bank told staff in a 24-page “strategy update” document customers will be able to lodge cheques and deposits at An Post outlets over the coming months in addition to banking services already on offer to AIB customers through the post office network.
“Our distribution network will be enhanced by the new An Post initiative and it will support us in making changes to our current branch network,” the AIB document says. “Regrettably, this means that the number of branches will reduce as part of the move to lower costs. But, through the use of mobile banks and new branch openings in selected areas, AIB will bring banking services to new locations.”
To read the complete article click here.
