AIB set to pay first shareholder dividend since 2008

Minister for Finance Michael Noonan has welcomed moves by AIB to pay its first dividend to shareholders in nine years.

AIB set to pay first shareholder dividend since 2008

Minister for Finance Michael Noonan has welcomed moves by AIB to pay its first dividend to shareholders in nine years.

Minister Noonan has said that today’s results from AIB confirm a very strong performance by the bank with sustainable profits and significant lending into the Irish economy.

AIB has posted its full year results for 2016, which includes a pre-tax profit of €1.7bn.

"The underlying profitability is very strong," said AIB chief executive Bernard Byrne.

"€1.9bn was our profit in 2015, €1.7bn in 2016, but in both years we had a series of on-off items.

"The actual underlying profitability of the business is about €1bn, and that's coming through quite strongly, we've very, very strong growth in the Irish market, 16% increase in new lending."

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited