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
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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