Friday June 5, 2020

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.

7th March, 2009

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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