AIB sees profits return as impairments fall

UPDATE: AIB returned to profitability in the first half of the year as the number of impaired loans that it is dealing with fell, it said.

30th July, 2014
AIB chief executive David Duffy.

AIB returned to profitability in the first half of the year as the number of impaired loans that it is dealing with fell, it said.

The bank's share price jumped more than 10 per cent in early trading as financial results for the first half of this year showed a profit before tax from continuing operations of €437 million, a €1.3 billion improvement in performance compared to the losses it experienced in the same period of 2013.

...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say