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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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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln