AIB profits soar; Aer Lingus reports loss of €95m

AIB’s after-tax profit soared more than 70 per cent higher in the first half of the year to €477 million aided by a significant clawback of provisions previously set aside to deal with the impact of the Covid-19 pandemic. The lender’s 74 per cent jump in profits was delivered on the back of a €309 million release of loan loss provisions as well as increases in its net interest income (NII) and fees from other ...