Wednesday October 21, 2020

AIB shares rise despite drop in H1 profits

Bank signals more loan sales as lending margins improve

27th July, 2017
Positive initial market reaction to AIB results. Pic:

The bank reported a pre-tax profit of €761m for the first half of 2017, down from €1 billion at the same stage last year, when the figures were boosted by a once-off profit from the sale of Visa Europe. Operating profit, however, rose by 12 per cent to €814m.

Shares in the bank were up almost 3 per cent to €5.04 in early trading in Dublin, as investors appeared to focus on the bank’s improved...

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