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Statement regarding the resignation of the Chief Executive of Allied Irish Banks plc

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The Minister for Finance and Public Expenditure and Reform Paschal Donohoe T.D., notes today’s announcement by Allied Irish Banks plc (AIB) regarding the intention of Mr Bernard Byrne to step down as chief executive and director in 2019.

Mr Byrne joined AIB in May 2010 as Group Chief Financial Officer and held several roles before being appointed Group Chief Executive in May 2015.

Commenting on Mr Byrne’s resignation, the Minister stated:

“AIB has continued its transformation under Mr Byrne’s leadership and is an important supporter of economic growth and jobs in the Irish economy. Mr Byrne was instrumental in the successful IPO of AIB last year working closely with my predecessor and I and officials in my Department. Mr Byrne can be proud of the many changes he introduced in the bank including a renewed focus on customers and staff engagement. He leaves the bank in a much stronger financial position as outlined in this morning’s trading update.

“I would like to thank Mr Byrne for his professionalism and dedication throughout his time in AIB and I wish him continued success in the future.”

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