Menu
01/08/2001
AIB post strong first half year profits
Allied Irish Bank A (AIB) have posted promising first half profits attributing them to a strong performance from its Ireland and UK operations.
The Dublin based bank have apparently shook off the effects of economic slowdown to record a pre-tax profit for the six months to June 30 of £409.8 million which is up from £374.1 million last year.
AIB Group Chief Executive Michael Buckley said: “Attributable profit growth of 12 per cent demonstrates AIB's capability to generate revenue growth in slower economic conditions. It also reflects AIB's strong competitive position in its chosen markets. Asset quality remains strong and AIB continues to make substantial investment in its business, particularly in Poland and Allied Irish America.'
However economic conditions took their toll on AIB’s operations in the US and Poland. Profits at the group’s American businesses rose by just 4 per cent while Poland Bank Zachodini in which AIB has a 70.5 per cent stake saw its profits dive by 42 per cent to £ 16 million.
Operating income rose to £1.10 billion from £ 983 million. The group is paying an interim dividend of 9.5p, which is an increase from last year’s dividend of 8.3p. (AMcE)
The Dublin based bank have apparently shook off the effects of economic slowdown to record a pre-tax profit for the six months to June 30 of £409.8 million which is up from £374.1 million last year.
AIB Group Chief Executive Michael Buckley said: “Attributable profit growth of 12 per cent demonstrates AIB's capability to generate revenue growth in slower economic conditions. It also reflects AIB's strong competitive position in its chosen markets. Asset quality remains strong and AIB continues to make substantial investment in its business, particularly in Poland and Allied Irish America.'
However economic conditions took their toll on AIB’s operations in the US and Poland. Profits at the group’s American businesses rose by just 4 per cent while Poland Bank Zachodini in which AIB has a 70.5 per cent stake saw its profits dive by 42 per cent to £ 16 million.
Operating income rose to £1.10 billion from £ 983 million. The group is paying an interim dividend of 9.5p, which is an increase from last year’s dividend of 8.3p. (AMcE)
Related Northern Ireland News Stories
Click here for the latest headlines.
11 January 2002
Jurys Doyle report 12 per cent fall in half-year profits
Ireland’s largest hotel group Jurys Doyle has posted a 12 per cent drop in profits and has called the last financial year “the most challenging” the hospitality and tourism sector has faced in many years.
Jurys Doyle report 12 per cent fall in half-year profits
Ireland’s largest hotel group Jurys Doyle has posted a 12 per cent drop in profits and has called the last financial year “the most challenging” the hospitality and tourism sector has faced in many years.
22 February 2006
AIB reports €1.7 billion profits
Banking group AIB have reported pre-tax profits of €1.706 billion in 2005, up from €1.37 billion. AIB Group Chief Executive Eugene Sheehy said: "Our 2005 performance reflects quality growth in all our main franchises. Strong customer demand continues to drive momentum and underpins our confidence in the outlook for 2006 and beyond.
AIB reports €1.7 billion profits
Banking group AIB have reported pre-tax profits of €1.706 billion in 2005, up from €1.37 billion. AIB Group Chief Executive Eugene Sheehy said: "Our 2005 performance reflects quality growth in all our main franchises. Strong customer demand continues to drive momentum and underpins our confidence in the outlook for 2006 and beyond.
28 February 2002
Ulster Bank profits boost in 2001
The Ulster Bank has reported profits of £242m for 2001. The figure is an increase of 21 per cent on the previous year, while net interest income rose by 19 per cent to £351m due to strong growth in customer loans and deposits. Advances were up by just under 25 per cent while deposits grew 11 per cent to £7.3bn.
Ulster Bank profits boost in 2001
The Ulster Bank has reported profits of £242m for 2001. The figure is an increase of 21 per cent on the previous year, while net interest income rose by 19 per cent to £351m due to strong growth in customer loans and deposits. Advances were up by just under 25 per cent while deposits grew 11 per cent to £7.3bn.
19 January 2024
AIB NI To Host Event During Apprenticeship Week
AIB NI has announced that its holding an event for young people, parents and career changers during NI Apprenticeship Week. The bank has partnered with early talent experts Workplus to hold the event at 5.00 pm on the 6 February at the AIB NI head office.
AIB NI To Host Event During Apprenticeship Week
AIB NI has announced that its holding an event for young people, parents and career changers during NI Apprenticeship Week. The bank has partnered with early talent experts Workplus to hold the event at 5.00 pm on the 6 February at the AIB NI head office.
28 October 2024
Cancer Focus NI Awarded €15,000
Cancer Focus NI has been awarded €15,000 from the third annual AIB Community €1million Fund, to support services and care for cancer patients and their families. Over the last two years, the AIB Community €1 Million Fund has supported over 150 charities across Northern Ireland, Ireland and Great Britain.
Cancer Focus NI Awarded €15,000
Cancer Focus NI has been awarded €15,000 from the third annual AIB Community €1million Fund, to support services and care for cancer patients and their families. Over the last two years, the AIB Community €1 Million Fund has supported over 150 charities across Northern Ireland, Ireland and Great Britain.
-
Northern Ireland WeatherToday:A cloudy day with a little light rain or drizzle at times, but some spells of drier weather too. The north coast may become somewhat brighter later this afternoon. Maximum temperature 11 °C.Tonight:Cloudy and patchy light rain will slowly clear away this evening. Then the rest of the night will be dry with broken cloud. Westerly winds freshening in the early hours. Minimum temperature 6 °C.
