AIB to repay almost €1.8 billion to State
Move comes at bank reports first-half profits of €1 billion
State-owned AIB has reported pre-tax profits of €1 billion for the first half of 2016, down from €1.2 billion in the same period last year, and has announced the repayment of almost €1.8 billion to the State.
The bank said the profits were helped by a strong business performance and one-off boosts including the sale of a stake worth €272m in Visa Europe. The drop in profits was due to a lower €211m ...
