AIB chief: banks have key role to play in recovery
THE BANKS have a key role to play in providing finance for the economy as it recovers, AIB's chief executive David Duffy members of the Wexford business community.
Speaking at Wexford Chamber's President's Lunch in the Talbot Hotel, Mr. Duffy said AIB had provided AIB provided over €3bn in lending approvals in mortgages and to businesses so far this year. AIB's new simplified loan application process, designed to help boost access to credit for loans under €25,000, has been working 'extremely well', he said.
Mr Duffy said the bank was working to find sustainable solutions for those in arrears who have been hit hard by the economic downturn.
Since he took on his role at AIB, he said he is now feeling positive – an encouraging thought for the 70 people at the celebratory lunch for the new chamber president Martin Doyle.
Martin has been involved with Wexford Chamber since 2010 and has held the position of Vice-President for the last two years.
He joined AIB Bank in 1981. In his current role as Assistant Manager with AIB in Wexford, Martin works closely with a portfolio of SME Customers and specialises in SME Lending.
Martin referred to the long history of Wexford Chamber going back to 1822.
He is the 44th recorded President of Wexford Chamber and among his predecessors were many very accomplished and well known Wexford business men and women.
The Chamber would welcome any memorabilia, including photographs, letters, etc. that may still be in existence.
Martin referred to his aspiration to be relevant to business and target market and said that he hoped that during his Presidency, the Chamber will continue to be relevant in everything they do.
He also invited all business people, all groups and organisations to engage with the Chamber. 'Only through building close relationships can we work together to ensure that our town gets the recognition and success that it so richly deserves. 'Our present day Chamber I am proud to say is a vibrant organisation,' said Martin.
'In the last year we have enjoyed a 15 per cent increase in membership.
'We have embraced technology on all fronts with profiles on Facebook and Twitter. We have our weekly ezine and, of course, our new pride and joy the Visit Wexford App.'