Comments on: It’s not easy to “Be with AIB”

By: stephen mulcahy

Tue, 24 Feb 2009 17:00:03 +0000

Thanks for your comments.

@Fliujniligui
I’m not a financial guru (but these days, I’m not sure if even the financial gurus are financial gurus 🙂 ) but Irish bank stocks seem like a good buy at the moment, as long as the banks don’t get nationalised or the stocks diluted by recapitalisations.

I don’t see how the different approaches of AIB and Ulsterbank to opening new deposit accounts would in any way reflect their approach to loan approval. Ulsterbank’s credit approval processes certainly take longer than their account opening processes so I don’t think my post was reflective of that.

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By: anon

Sat, 21 Feb 2009 11:21:01 +0000

Boy, and I thought I’m going insane. Yes, I went to open a new bank account and wanted to deposit about 2K euros straight away. Nope. I have to wait up to 10 days! Insane!

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By: Fliujniligui

Sun, 01 Feb 2009 14:05:46 +0000

Interesting article. I am a Canadian buying AIB stocks and they are really cheap now. Maybe that by being so careful and running security checks they avoided doing bad loans by paying attention to details and not rushing in to do business (Ulster did probably lend in 10 minutes with a non-detailed study and it went wrong)

Well to open an account it is probably too much I agree, but the is the staff you encountered overzealous or is it just not representative of the whole business?

Well this is fun to see stuff differing than CEO presentations, speculative news and company websites which seems always better than reality. Your article gives a nice “on the grounds” feeling of the business.

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