Menu
05/12/2002
AIB named top business bank
Allied Irish Bank (AIB) has been voted Britain’s Best Business Bank, ahead of the ‘Big Four’ and other UK banks.
AIB received the boost in a comprehensive survey of the small business sector since the completion of the Cruickshank Review and the Competition Commission enquiry.
The survey commissioned by the Forum For Private Business, found that the ‘Big Four’ UK banks (Barclays, Royal Bank of Scotland, Lloyds TSB and HSBC which dominate the market with a combined market share of 75%) are lagging behind smaller rivals, such as Allied Irish Bank.
The survey, conducted every two years, rated Allied Irish Bank top for customer satisfaction for the fifth consecutive time.
Commenting on the results, Aidan McKeon, Managing Director, Allied Irish Bank, said: “We are delighted that our customers have endorsed our position as the proven alternative to the large clearing banks in the UK. Our advantage is that we are able to focus on providing quality services to small businesses by getting to know and understand their business and what they need from their bank.”
According to Mr McKeon, Allied Irish Bank’s understanding of small business is crucial to the bank’s strategy and vision for the future.
“Our ability to focus on the small business market has helped us double our business over the past five years to 2% of the UK small business market,” he said.
Based on responses from more than 6,500 businesses, AIB said the results established that small businesses still have a perception that banks provide poor value in their service – something that the Treasury Committee found in its report on Small Business Banking earlier this year.
(MB)
AIB received the boost in a comprehensive survey of the small business sector since the completion of the Cruickshank Review and the Competition Commission enquiry.
The survey commissioned by the Forum For Private Business, found that the ‘Big Four’ UK banks (Barclays, Royal Bank of Scotland, Lloyds TSB and HSBC which dominate the market with a combined market share of 75%) are lagging behind smaller rivals, such as Allied Irish Bank.
The survey, conducted every two years, rated Allied Irish Bank top for customer satisfaction for the fifth consecutive time.
Commenting on the results, Aidan McKeon, Managing Director, Allied Irish Bank, said: “We are delighted that our customers have endorsed our position as the proven alternative to the large clearing banks in the UK. Our advantage is that we are able to focus on providing quality services to small businesses by getting to know and understand their business and what they need from their bank.”
According to Mr McKeon, Allied Irish Bank’s understanding of small business is crucial to the bank’s strategy and vision for the future.
“Our ability to focus on the small business market has helped us double our business over the past five years to 2% of the UK small business market,” he said.
Based on responses from more than 6,500 businesses, AIB said the results established that small businesses still have a perception that banks provide poor value in their service – something that the Treasury Committee found in its report on Small Business Banking earlier this year.
(MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
08 November 2018
Public Urged To Support Small Businesses
The Lord Mayor welcomed the Small Business Saturday campaign bus to Belfast on Friday, 02 November, in the run up to 'Small Business Saturday' on 01 December. Councillor Deirdre Hargey joined the Federation of Small Businesses (FSB) and others to support the grassroots campaign which encourages people to support small businesses and shop local.
Public Urged To Support Small Businesses
The Lord Mayor welcomed the Small Business Saturday campaign bus to Belfast on Friday, 02 November, in the run up to 'Small Business Saturday' on 01 December. Councillor Deirdre Hargey joined the Federation of Small Businesses (FSB) and others to support the grassroots campaign which encourages people to support small businesses and shop local.
06 November 2015
Council Hosts 'Small Business Saturday Bus Tour'
Belfast City Council hosted the 'Small Business Saturday Bus Tour' at City Hall on Thursday, 05 November, which is touring the UK to highlight small business success and encourage people to 'shop local'.
Council Hosts 'Small Business Saturday Bus Tour'
Belfast City Council hosted the 'Small Business Saturday Bus Tour' at City Hall on Thursday, 05 November, which is touring the UK to highlight small business success and encourage people to 'shop local'.
07 December 2017
NI Business Owner Visits 10 Downing Street
A business owner from Northern Ireland has just returned from her visit to 10 Downing Street as part of this year's Small Business Saturday Top 100.
NI Business Owner Visits 10 Downing Street
A business owner from Northern Ireland has just returned from her visit to 10 Downing Street as part of this year's Small Business Saturday Top 100.
03 December 2015
Local Firms To Host Events To Mark Small Business Saturday
Many local business associations are holding events this weekend to mark Small Business Saturday, supported by Belfast City Council.
Local Firms To Host Events To Mark Small Business Saturday
Many local business associations are holding events this weekend to mark Small Business Saturday, supported by Belfast City Council.
26 October 2011
Hamilton Reiterates Support For Small Businesses
Strangford DUP MLA Simon Hamilton has told an audience of business people in Lisburn that the Stormont Assembly must maintain its support for Northern Ireland's small business sector during these difficult times.
Hamilton Reiterates Support For Small Businesses
Strangford DUP MLA Simon Hamilton has told an audience of business people in Lisburn that the Stormont Assembly must maintain its support for Northern Ireland's small business sector during these difficult times.
-
Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
