AIB shares rise despite drop in H1 profits

Bank signals more loan sales as lending margins improve

Positive initial market reaction to AIB results. Pic: RollingNews.ie
AIB says new mortgage lending up 41 per cent. Pic: RollingNews.ie

AIB has this morning released its first resultssince its flotation last month, which raised €3.4 billion for the state after the sale of its 28.75 per cent stake.

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 ...