AIB announces €1.2bn half-year profits
AIB has announced before-tax, half-year profits of more than €1.2bn.
Adjusted earnings per share of 93.7c was up 29% compared to 72.4c for the half-year to June 2005,which includes the earnings in 2005 from Ark Life which is now a discontinued operation.
Net interest income amounted to €1.4bn, an increase of 16%.
The bank said today that loan and deposit growth in Ireland and UK, strong loan growth in Poland and continuing growth in loan arrangement fees were the key factors generating the increase.
Loans to customers increased by 12% and customer accounts increased by 10% on a constant currency basis since December 31, 2005.
AIB boss Eugene Sheehy said: "While exceptionally good asset quality complemented the first half results, the strong operating performance and customer demand underpins confidence in the future growth and resilience of our business."
