AIB CEO Byrne on Brexit, Trade, Challenges as a Public Company

The transcript discusses the Irish economy's strength and external risks, such as Brexit and trade wars. It highlights the importance of competitiveness for businesses, especially SMEs, in the face of Brexit. AIB's digital transformation and customer engagement strategies are explored, along with the challenges of meeting shareholder expectations in a competitive market. The regulatory environment and future challenges for banks, including competition from tech companies, are also addressed.

What are the main external risks to the Irish economy mentioned in the video?

• Natural disasters

• Internal political instability

• Brexit and trade wars

• High inflation rates

How does the bank plan to help its customers deal with Brexit uncertainties?

• By offering low-interest loans

• By advising them to become more competitive

• By reducing service fees

• By expanding into new markets

What percentage of the bank's customers are active on mobile?

• 80%

• 75%

• 62%

• 50%

What challenge does the bank face in the public market?

• Rising operational costs

• Declining customer base

• Increasing loan defaults

• Meeting investor expectations

What is the bank's approach to managing economic cycles?

• Investing heavily in new ventures

• Ignoring market fluctuations

• Maintaining a strong market position

• Focusing on short-term gains

What is a significant future challenge for banks according to the video?

• Decreasing interest rates

• Increased competition from tech companies

• Lack of skilled workforce

• Declining global trade

How is the regulatory environment expected to change in the next five years?

• It will focus more on environmental issues

• It will present new challenges

• It will become less stringent

• It will remain the same