Can the two pillars stay upright?

AIB and Bank of Ireland are struggling to build sustainable incomes, which is the ultimate test of whether the banks will be able to stand on their own in the markets

16th April, 2011

‘The road to recovery has begun,” declared AIB executive chairman David Hodgkinson when presenting the bank’s 2010 results last week. ‘‘Ireland and AIB have serious issues to resolve, but I am confident both can recover and turn to the future with well-founded optimism and vigour,” he said.

Hodgkinson will most likely leave his caretaker role as the head of AIB when his contract expires in October.

The plan is...

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