AIB raises earnings guidance after reporting “very strong” half year profits of €1.2bn

The lender said its net profits for the first six months of 2023 increased almost 80 per cent year on year to €854 million

AIB chief executive Colin Hunt and chief financial officer Donal Galvin at AIB’s Molesworth Street headquarters as the bank announced its half year results

AIB has raised its full year profit guidance after reporting a bumper set of results for the first six months of 2023.

Operating profits for the bank more than tripled in the first half of the year to just over €1.2 billion, as profit margins in the business expanded to 55 per cent. Thanks to the higher interest rate environment over recent months, AIB said its net profits increased almost 80 per cent during the ...