Banking

AIB upgrades profit outlook after ‘very strong’ third quarter

The lender said it expects to deliver net interest income of €3.75bn this year and a net interest margin in excess of 3 per cent

AIB

AIB has raised its profit guidance for 2023 as the higher interest rate environment continues to boost its performance.

Announcing interim results for the third quarter of the year on Wednesday, the lender said it was revising its guidance upwards for both its overall net interest income figure for 2023 to €3.75 billion and its net interest margin to over 3 per cent.

AIB said it expects to make a return on tangible equity, a ...