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Allied Irish Banks announces large narrowing of losses

Allied Irish Banks, which is almost totally state-owned after a rescue, said on Wednesday that its losses after tax more than halved last year. AIB's net loss reduced to 1.597 billion euros ($2.193 billion) compared with 3.557 billion euros in 2012, said the bank that is 99.8-percent owned by the Dublin government following a bailout five years ago amid the global financial crisis.

Excluding provisions for charges written-off, which dropped 25 percent to 1.9 billion euros last year, AIB reported operating profit of 445 million euros. "We remain focused on sustainable growth and returning to profitability during 2014.

Copyright Agence France-Presse, 2014



 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln