AIB reports pre-tax profits of €291m for the first half of the year

The bank said the trading environment has improved significantly in the first half of 2021, but it remains ‘alert’ to the economic uncertainties created by Covid-19

4th August, 2021
AIB reports pre-tax profits of €291m for the first half of the year
Colin Hunt, chief executive of AIB, said the bank remained ‘alert’ to the economic uncertainties created by Covid-19. Picture: Maura Hickey

AIB has reported a pre-tax profit of €291 million for the first half of the year – a significant improvement on the €909 million pre-tax loss it reported for the same period last year.

The main driver of the improved results was a marked turnaround in the value of AIB’s loan book as the bank began to write-back the value of some loans. For the first half of the year the bank said it restored...

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