AIB sets out green ambitions

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Covered Bonds

AIB sets out green ambitions

Bill Thornhill
September 26, 2019 01:15 PM
AIB_FIG_PA_230x150_140518
An Allied Irish Banks (AIB) cash point in Ballsbridge, Dublin, as the bank announced it expects to axe more than 2,000 jobs by the end of next year. PRESS ASSOCIATION Photo. Picture date: Tuesday April 12, 2011. The group recorded a 10.4 billion euro (£9.2 billion) loss last year and claimed business and market conditions remained difficult. It said costs needed to be lowered, with staff to go on a phased basis during 2011 and 2012. See PA story IRISH AIB. Photo credit should read: Julien Behal/PA Wire | Julien Behal/PA Archive/PA Images

AIB Group has become the first bank in Ireland to develop a green bond framework and has mandated ING for a roadshow to promote it. The framework aims to support lending for energy-efficient buildings and other projects that promote the transition to a low carbon economy.

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Topics

IrelandEuropeEMEASRIFIGCovered Bonds
BT
Bill Thornhill
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