Bank loan

AIB’s agricultural advisory team grows ahead of Ulster Bank loan acquisition

AIB's agricultural advisory team grows ahead of Ulster Bank loan acquisition

AIB plans to expand its team of agricultural advisers as it prepares to acquire loans worth €4.2 billion from Ulster Bank.

In February 2021, Ulster Bank announced its intention to withdraw all banking services in the Republic of Ireland.

In April, the Competition and Consumer Protection Commission (CCPC) gave AIB the green light to acquire Ulster Bank’s performing small and medium-sized enterprise (SME) and agricultural business loans.

However, the CCPC has expressed concerns about the competitive landscape of the Irish banking services market following Ulster Bank’s decision.

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In order to maintain its offer to agricultural customers, AIB has launched a recruitment campaign to expand its team.

The bank currently has nine agricultural advisers and two agricultural specialists, who are led by AIB’s director of agriculture, Donal Whelton.

Former tillage writer Stephen Robb has also recently joined the AIB consultancy team.

AIB explained that it was looking to fill two vacancies for an Agricultural Adviser and a Senior Agricultural Adviser.

The roles will be located in North Leinster/Connacht and Ulster to serve areas that have a large Ulster Bank agricultural customer base.

The bank said the new staff would support its growing agricultural customer base.

Speaking of the positions, Eamonn O’Reilly, AIB Agri Advisor team leader in the North and West, said:

“At AIB, we are delighted to welcome agricultural customers from Ulster Bank. We are delighted to announce that we are expanding our team of agricultural advisers to ensure that we can continue to support one of the key sectors of the Irish economy.