AIB reports ‘very strong’ start to 2023 following interest rate hikes

The bank said it expects customer loans to grow by over 8 per cent in 2023

Colin Hunt, AIB chief executive. Picture: Fergal Phillips

AIB recorded a “very strong” financial performance in the first three months of 2023, helped by rising interest rates.

The bank now expects its net interest income to be greater than €3.3 billion for this year, up from its previous guidance of greater than €3 billion, according to a trading update from the group.

Full year net interest margin – the difference between interest income generated to fund itself and lend to customers – is ...