AIB will take advantage of the collapse in valuations attached to financial institutions to make more acquisitions, according to Eugene Sheehy, its chief executive.
Speaking after the bank reported pre-tax profits of €1.28 billion for the six months to June last week, Sheehy told analysts that AIB was ‘‘very keen’��� on expanding in eastern Europe, and that valuations had begun to fall to ‘‘much more realistic’’ levels than had been the case over the past...
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