AIB pension deficit rises by 80 per cent in 12 months

AIB’s pension deficit has risen by almost 80 per cent over the last 12 months, according to new figures from the bank.

15th August, 2009

AIB’s pension deficit has risen by almost 80 per cent over the last 12 months, according to new figures from the bank.

The bank, whose outgoing chief executive Eugene Sheehy earlier this month reported pre-tax losses of €786 million for the six months to June, said its pension deficit had jumped to €1.3 billion by the end of June. This compared with €713 million 12 months earlier and €250 million two years ago.

The deficit increased...

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