AIB wants to loan €2bn for mortgages this year

AIB has doubled its mortgage lending target for 2013 to €2bn.

At the beginning of 2012, AIB committed to providing new mortgage lending of at least €1bn.

The bank finished the year having actually sanctioned €1.5bn worth of mortgages, an increase of 63% on the previous 12 months, with a total of €1.2bn drawn down by customers.

The bank's average first-time buyer mortgage was worth €160,000 last year.

"AIB has seen very positive trends in the 2012 figures," said head of mortgages at AIB, Jim O’Keeffe.

"We are exceeding our mortgage targets and as our ambitions for 2013 show we continue to be very much open for business.

"Our customers have told us that the key item for them is to be fully supported through the mortgage journey and we are launching a new campaign to ensure this continues to happen.

"We continue to provide highly competitive mortgage products at a Loan To Value (LTV) of up to 92% and would be delighted to discuss financing your mortgage, whether you are a first time buyer, mover or thinking about extending or refurbishing your existing home."

  • Click to stay connected with more stories like this
  • Sign up here to receive news by email. Once per day, no spam.

Most Read in Business

  • Pic: Danielle Walquist Lynch / CC

    Penneys heads stateside

    Primark is opening stores in the north east of the USA.

  • Moyes 'given less time due to debt'

    Manchester United's mountainous debt pile and wage bill meant its owners could ill afford to give David Moyes the same amount of time to succeed as his predecessor Alex Ferguson, it was claimed today.

  • Netflix announces summer price rise as profits surge

    Netflix is preparing a sequel unlikely to be a hit with subscribers – the internet video service is about to raise its prices for the first time in three years to help pay for more programming such as its popular political drama House Of Cards.

  • GSK and Novartis agree tie-up deal

    GlaxoSmithKline and Swiss rival Novartis are to create a consumer healthcare powerhouse as part of a string of deals in the pharmaceuticals sector today.

  • Ryanair increases baggage allowance on flights

    Ryanair is to allow passengers bring a second small carry-on bag on board, in addition to a free 10kg cabin bag allowance from Sunday.

World Market

Currency Rates