AIB losses fall 55% to €1.7bn

AIB has cut €2 billion off its pre tax losses after a 55 per cent fall to €1.7 billion for the year to the end of December.

5th March, 2014
AIB chief executive David Duffy.

AIB has cut €2 billion off its pre tax losses after a 55 per cent fall to €1.7 billion for the year to the end of December.

The bank said that its full year loan impairment charges fell 25 per cent to €1.9 billion, including substantially all of the Central Bank of Ireland Balance Sheet Assessment (BSA). It said that its total impaired loans, together with past due but not impaired loans, decreased by about €1...

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