AIB losses fall in first six months as 12,000 customers offered loan deals
AIB has reported a decrease in losses in the first half of the year.
The bank reported that it lost €838m in the first six months, compared with a loss of €1.1bn at this stage last year.
The reduction is mainly due to a reduction in the amount of money the bank is setting aside to deal with troubled loans.
The provision for losses fell to €744m, down 16% on last year.
The bank also said it has offered long-term deals to more than 12,000 of its customers in loan arrears.
CEO David Duffy said some customers have had their debts written off and that so far, 4,000 customers accepted solutions offered by the bank.
