Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Ireland
  4. Irish Stock Exchange
  5. AIB Group plc
  6. News
  7. Summary
    A5G   IE00BF0L3536


Real-time Quote. Real-time Irish Stock Exchange - 06/24 11:31:30 am
2.238 EUR   +0.99%
06/23AIBá : agrees to life and pensions joint-venture with Canada Life
06/23AIB Group to Form Joint Venture With Canada Life Irish Holding Company
06/23AIBá : To Form JV With Great-West Lifeco Unit
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

AIB : Spending among over 65s up 20% as weather and vaccine improves consumer confidence – AIB March Spend Trend

04/22/2021 | 04:54am EDT

21 April 2021

Spending among over 65s up 20% as weather and vaccine improves consumer confidence - AIB

Spend Trend

  • Overall spend up 14% in March, with online spend up 9%, while in store spend was up 20%.
  • Spend in off-licences, pubs, garden centres and hardware stores up in March as consumers enjoy the good weather.
  • Waterford consumers accounted for the biggest increase in spend in March, up 17% on the previous month.

Spend by those over the age of 65 was up month by month in March as the good weather and vaccine effects were felt, according to the AIB Spend Trend report. The data shows that spend by those over the age of 65 was up 20%, while the next highest increase was by those between the ages of 45-54 and 55-64, both at 16%. The data was compiled from AIB Debit and Credit card spend from over one million transactions between the 1st and 31st March.

Overall, card spend was up 14% during the month with online spend up 9% and in-store spend up 20%.

The busiest day for in-store spend was Saturday 13th March, the weekend before St Patrick's Day as people stocked up in advance. Meanwhile, the busiest day for online spend was the 26th March.

The biggest increase in spend during March was from Waterford consumers, up 17% on previous month, followed by those from Kildare, Wicklow and Laois, all with an increase of 16%. The smallest increase in spend was from those in Leitrim, where spend was up 12% on the previous month.

Sector Spend

Spend in off-licences and pubs was up 30% month on month as more businesses reopened for takeaway service, meanwhile spend in hardware stores and garden centres was up 38% as people took advantage of the good weather.

However overall, spend in these sectors is still down when compared to pre-pandemic levels. Change in consumer spend in other sectors was as follows:


Increase / Decrease

(On Previous Month)

Airline Travel*








Hardware & Garden


Health & Beauty






Pubs & Off-Licences




Rachel Naughton, Head of SME Banking at AIB said "It's encouraging to see spend in some of the key consumer sectors up in March, following good weather, St Patrick's Day and the rollout of the vaccine. Spend in hardware stores and garden centres saw the biggest increase in March, up 38%, helped by the good weather which encouraged more people to spend time outside.

"Over the coming months as the vaccine rollout continues and we start to get more information on the easing of restrictions we expect consumers to start spending more of the money some have been saving during lockdown. It's also important that as restrictions are lifted the sectors most impacted by this pandemic are supported in every way possible to ensure they can trade after this challenging period."


Further Information

Graham Union

AIB Press Office


(085) 208 8343

Notes to Editor

*Airline spend does not necessarily mean travel happened that month, people may be booking for later in the year.


AIB Group plc published this content on 21 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2021 08:53:04 UTC.

ę Publicnow 2021
All news about AIB GROUP PLC
06/23AIBá : agrees to life and pensions joint-venture with Canada Life
06/23AIB Group to Form Joint Venture With Canada Life Irish Holding Company
06/23AIBá : To Form JV With Great-West Lifeco Unit
06/23Irish government to begin phased exit from Bank of Ireland holding
06/22NEXTENERGY SOLAR FUNDá : Signs New Credit Facility, Invests in NextPower III
06/15AIBá : Spend Trend and AIB Spend Trend Infographic –áMay
06/15AIBá : Retail rebounds as double digit increase in spending recorded across prev..
06/03STOXX EUROPE 600á : AIB Ireland Services PMI Sees Strongest Rise In May Amid Eas..
05/31STOXX EUROPE 600á : AIB Ireland Manufacturing PMI Soars to New Record High in Ma..
05/31Irish factory activity hits another record high in May -PMI
More news
Sales 2021 2 331 M 2 781 M 2 781 M
Net income 2021 201 M 240 M 240 M
Net Debt 2021 - - -
P/E ratio 2021 30,1x
Yield 2021 2,63%
Capitalization 6 075 M 7 247 M 7 247 M
Capi. / Sales 2021 2,61x
Capi. / Sales 2022 2,46x
Nbr of Employees 9 193
Free-Float 28,9%
Duration : Period :
AIB Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIB GROUP PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 2,24 €
Average target price 2,71 €
Spread / Average Target 21,1%
EPS Revisions
Managers and Directors
Colin Hunt Chief Executive Officer & Executive Director
Donal Galvin Chief Financial Officer & Executive Director
Carolan Mary Lennon Senior Independent Non-Executive Director
Helen Elizabeth Normoyle Independent Non-Executive Director
Brendan Paul McDonagh Deputy Chairman
Sector and Competitors