Thursday February 20, 2020

AIB operating loss narrows as loan impairment charges fall

UPDATE: AIB’s operating loss narrowed by 64% to €1.09bn in the first half of 2012 from the year-earlier period, as loan impairment charges fell 70% to €900m.

27th July, 2012
2
AIB said it will close or merge 67 branches and sub-offices and increase its standard variable mortgage rates by 50 basis points.

Allied Irish Bank’s operating loss narrowed by 64 per cent to €1.09 billion in the first half of 2012 from the year-earlier period, as loan impairment charges fell 70 per cent to €900 million.

The bank said that it had reduced its reliance on ECB funding by €6 billion, or 20 per cent, in the half year.

AIB reported an overall loss of €1.2 billion in the first half of 2012, compared to a profit of €2.2...

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