Home » Tag Archives: AIB

Tag Archives: AIB

Ennis man faces AIB in Commercial Court

An Ennis man against whom AIB obtained a €3.48 million judgment last March had previously transferred €820,000 and a property in the US to his wife with the intention of defrauding creditors, the bank has claimed at the Commercial Court. Property developer Garech McGuinness, of Whispering Pines, and his business partner, Patrick Taylor, Moyreisk, Quin, had judgment entered against them after a judge ruled they had failed to establish an arguable defence to AIB’s claim arising from default on loans. In proceedings entered into the Commercial Court list on Monday, AIB claims that, between July 2013 and July 2014, Mr McGuinness transferred four sums totalling €820,926 to his wife, Justine McGuinness. It is also alleged he transferred to her around July 2014, for “a nominal consideration”, a residential property in Massachusetts, which the bank believes was worth not less than €250,000. In court documents, the bank claims these transfers were effected “with the dominant intention of defrauding creditors”, including the bank …

Read More »

Copper coins for charities

As The Central Bank rolls out the rounding of 1c and 2c coins, Change for Charity has today (Wednesday) launched National Coin Week where the people are being asked to donate their loose coppers. It is estimated that there are over €35 million of these coins in people’s homes and offices in bottles and jars, which will soon be of no use to anyone. The Change For Charity campaign is encouraging people to put these coins to good use during National Coin Week from November 2 to 8. The campaign has over 3,000 collection points all over the country in schools, shops and banks. Every AIB and Bank of Ireland branch has a receptacle and there’s no need to queue, count or sort your coins. Simply drop them into one of the collection units in any branch nationwide. The proceeds of the campaign will be divided between a number of charities; The Irish Heart Foundation, St Francis Hospice, Our Lady’s Hospice …

Read More »

St Flannan’s bank on success

TRANSITION year students of St Flannan’s College are ‘banking’ on continuing last year’s success in the AIB Build a Bank Challenge. Last year the school made it to the regional finals of the competition, and by all ‘accounts’ this year’s efforts are also on the money. The six students have been running their own school bank, with the support of the AIB, while also learning about managing their own business. This year’s banking team at the school involves Gerard Kennedy, manager; Cian Murphy, assistant manager; Jane Fitzgerald, financial controller; Nina Koistinen, sales and marketing executive and Michael Ryan and Colin Reidy, both customer care representatives. According to 15 year-old Nina, more than 60 students at the school have already opened up an account with the school bank, with that figure expected to grow even more. The challenge sees a team of six students selected to set up and manage a bank in their school, getting involved in everything from sourcing …

Read More »