AIB pension deficit is four times bank’s market value
AIB’s pension deficit has soared to almost four times its market capitalisation following a sharp fall in its share price in recent weeks.
AIB’s pension deficit has soared to almost four times its market capitalisation following a sharp fall in its share price in recent weeks.
The bank, which last week reported pre-tax profits of €1 billion for the year to December, said the deficit in its staff pension schemes stood at €1.1 billion at the end of last year - up from €423 million a year earlier.
AIB was valued at just €300 million at...
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