Seven key takeaways from AIB’s 2020 accounts as it posts €741m loss

The bank reported significant losses in 2020 as the pandemic pummelled business

5th March, 2021
Seven key takeaways from AIB’s 2020 accounts as it posts €741m loss
AIB granted 66,000 payment breaks to customers during 2020. Picture: Rollingnews.ie

Despite a bruising 2020, with losses after tax of €741 million, AIB has said it expects a return to profitability this year.

The bank’s year-end financial statements, filed today, show it shouldered a €1.4 billion expected credit loss charge over the last 12 months – largely due to problem loans from customers hit hard by the pandemic.

Here’s what we learned from the AIB accounts:

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