AIB revises bad debt figures upwards
18/11/2009 - 08:27:13AIB has revised upwards it's forecast for bad debts this year.
In an update to the markets on it's financial health, the bank said it expects bad debts charges for 2009 to be €5.3bn, €1bn more than predicted.
According to this morning's trading statement, the bank will transfer €24bn in loans to the National Assett Management Agency.
However, the statement makes no reference to the bank's ongoing row with the Minister for Finance Brian Lenihan over the proposed salary for it's incoming managing director Colm Doherty.
