Wednesday, 15 December 2010

AIB 'bonus' staff owe loans to bank on property, shares - Irish, Business - Independent.ie

AIB 'bonus' staff owe loans to bank on property, shares - Irish, Business - Independent.ie

Some AIB staff who were due to share €40m in bonuses have loans with the bank used to buy shares and investment properties, the Irish Independent understands.

The loans were taken out for a range of investments, including AIB shares, apartments and other equity investments. Some staff would have been able to use the bonus money to pay down debt.

AIB has declined to comment to the Irish Independent on the number of loans held by staff or any potential arrears, simply saying staff are treated the same as customers and their affairs are strictly confidential.

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