In AIB's press release dated 5th July 2012 AIB's standard variable rate was at 3%.
In this press release AIB CEO, David Duffy states that "Our products need to be priced above our cost of funding to avoid generating further losses for our shareholders." Therefore we now know for sure that AIB's cost of funding was less than 3% at this date.
In this press release AIB CEO, David Duffy states that "Our products need to be priced above our cost of funding to avoid generating further losses for our shareholders." Therefore we now know for sure that AIB's cost of funding was less than 3% at this date.
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