Banking
AIB to return €1.7bn in cash to shareholders after posting record profits of more than €2bn
The lender confirmed it is also in talks with the government to launch a €1bn targeted share buyback scheme this year
AIB has announced it will return €1.7 billion in cash to shareholders after a “landmark” year that saw the bank rake in record profits.
Announcing full year results on Wednesday morning, AIB posted operating profits of more than €2.7 billion for 2023, which is more than double the €1 billion operating profit it made in the previous year as after rising interest rates helped fatten the banks bottom line.
The lender reported net interest income ...