Banking

AIB posts profit after tax of €765 million for 2022

Net interest income increased to €2.1 billion driven by increasing interest rates and higher average loan volumes

Colin Hunt, AIB chief executive. Picture Fergal Phillips

AIB has reported profit after tax of €765 million in 2022, up from €629 million the prior year, according to annual results from the lender.

The bank’s total income increased 21 per cent year-on-year to €2.9 billion.

Meanwhile, net interest income increased 20 per cent to €2.1 billion driven by increasing interest rates and higher average loan volumes.

The bank is proposing distributions of up to €381 million, or 14.3 cent per share, which will ...