AIB says impaired loans down by €2 billion in the third quarter

The bank said lending drawdowns increased by 53 per cent year-on-year

AIB said its performance continues to improve Pic: RollingNews.ie

AIB said that its performance continued to improve in the third quarter as impaired loans fell by €2 billion and new lending drawdowns increased by 53 per cent year-on-year to €6.2 billion.

In a trading statement covering the three months to the end of September, the bank said its net interest margin rose to 1.94 per cent from 1.92 per cent in the second quarter, helped by lower funding costs, increased levels of ...