AIB releases upbeat trading update
06/12/2005 - 11:42:33Allied Irish Bank expects double-digit profit-growth, income growing faster than costs, and market-share gains for 2005, according to a trading update released this morning.
The bank says that franchises in countries with outperforming economies is boosting earnings momentum.
It expects record levels of deposit growth in Irish and British franchises.
When AIB’s interim results were released in August, earnings per share (EPS) were guided at between 140c at 142c. The bank now says it is aiming for the upper end of that prediction.
