Bankers not em­bar­rassed to work at AIB: CEO Byrne

The Pak Banker - - COM­PA­NIES/BOSS -

Al­lied Ir­ish Banks Plc staff no longer seeks to hide the fact they work at the lender, Chief Ex­ec­u­tive Of­fi­cer Bernard Byrne said, re­it­er­at­ing that tax­pay­ers are on track to be fully re­paid for res­cu­ing it.

Af­ter the bank needed a 21 bil­lion euro ($ 22.8 bil­lion) bailout dur­ing the na­tion's fi­nan­cial cri­sis, work­ers would oc­ca­sion­ally ask cabs to ferry them to a cafe close to its head­quar­ters rather than ad­mit to work­ing at the or­ga­ni­za­tion, Byrne said.

"We call it the cof­fee shop mo­ment," Byrne said on an an­a­lysts' call on Thurs­day in Dublin. "Many years ago, peo­ple re­ally didn't want to work in AIB."

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