Allied Irish may cut mortgage rates amid political backlash

April 22, 2015 3:50 PM

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DUBLIN, April 22 (Reuters) - Allied Irish Banks (AIB) raised the prospect of cutting the cost of variable rate mortgages on Wednesday amid a public and political backlash over lenders' reluctance to ease the burden on customers as they return to profit.

Ireland's coalition government, under pressure from opposition parties a year ahead of elections, has said it may consider increasing the annual charge it levies on local banks if they do not move to cut rates.

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