AIB upgrades lending guidance for full year as it maintains positive outlook for business
AIB’s loan book rose 5% in third quarter and the bank upgraded growth guidance for the year to between 5 and 6%
AIB’s loan book rose 5% in third quarter and the bank upgraded growth guidance for the year to between 5 and 6%
European governments selling down crisis-era bank stakes, taking advantage of strong sector valuations amid heightened interest rates
Bank sees full-year net interest income amounting to about €4bn, up from previous €3.65bn-plus projection
Chambers has the opportunity to decouple the sale of Government’s stake from the issue of executive remuneration, and there are good reasons to consider doing so
Deposit customers continue to be slow at moving money from low-rate on-demand accounts to higher-yielding savings products, bank says
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Bank’s net profit surges more 170% to more than €2bn as it records strongest financial performance in its history
AIB due to publish annual results on Wednesday, with analysts expecting chief executive to announce use of some surplus capital to buy more shares back from State
AIB has paid out €594 million over the past two years by way of dividends and buying back some of the State’s shares – or what are known as directed buy-backs
Lender now expects its net interest income to top €3.75bn, €150m higher than its previous guidance
Ex-Tesco executive was previously bank’s chief people officer
Lenders yet to see any falloff in asset quality
AIB and Bank of Ireland are making more from the €60bn parked with the Central Bank than from mortgages
Lender raises full year net interest income forecast
Shares in AIB have surged by almost 75% since the State started to sell down shares in the bank at the start of last year
Original figure stood at €180 million when venture was announced two years ago
Bank net interest income soars as it gets high returns on excess savings even while raising lending rates modestly
Taoiseach Leo Varadkar signals move on restoring relief to mortgage holders shouldering increased borrowing costs will be considered by Government
Bank is ‘deeply conscious’ of its obligations to ‘broad array of customers’, said chief executive Colin Hunt
Government has continued to lower its stake in the bank this year, reducing it to 53.4% last week
Bank also to pay the State €88.6 million via a dividend
Mapping Ireland’s Bank Closures: More than a third of bank branches have closed since 2008 and the future seems likely to hold more of the same
Lowering of interest rate expectations will have bigger effect on market sentiment towards Irish banks, with their higher reliance on interest income
Lender set to follow Bank of Ireland with credit risk transfer deals
Joint venture with Canada Life Irish Holding Company also names chartered accountant and former senior banker Tom Foley as chairman
ECB’s recent interest rate hikes have improved the earnings outlook for AIB and other Irish banks
Move has reduced State’s holding in AIB to about 57 per cent
Banks among the few winners in a rising rates environment, but a drawn-out period of inflation could cause pain
Lender sees new account opening surge 82% as customers move from Ulster Bank and KBC
Renewables group has planning permission for two solar farms in Wexford which it expects to build next year after power purchase agreement signed
Mortgage lender says increases will apply across its AIB, EBS and Haven brands after close of business Friday
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