AIB management defends decision to close Donegal Branches

The AIB has defended its decision to close eight of its rural branches in Donegal.

The Milford branch will close between October and December, while early next year, branches will close in Dunfanaghy, Lifford,  Moville, Gweedore, Raphoe, Falcarragh and Bundoran.

Management say they incurred an operating loss of 1 point 1 billion euro in the six months to the end of June, that's down 64 per cent on the same period last year, and costs have to be cut.

The Head of the Gweedore Chamber of Commerce, Eamon McBride, says the local bank's closure presents security issues:

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Those are claims rejected by Denis O'Callaghan who is the General Manager, Retail Banking Ireland.

He says An Post is already handling bank money:

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