Wednesday April 1, 2020

AIB eyes further acquisitions as bank valuations collapse

AIB will take advantage of the collapse in valuations attached to financial institutions to make more acquisitions, according to Eugene Sheehy, its chief executive.

2nd August, 2008

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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