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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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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln