AIB Preliminary Results 2008

AIB Preliminary Results 2008

KEY INFORMATION - AIB GROUP ANNUAL RESULTS 2008

Profitability(1)

Operating profit before provisions of s 2,711 million, up 18%

Profit for the period s 885 million

AIB Bank ROI loss of s 52 million in 2008; operating profit(2) in line with 2007

Capital Markets profit up 13%; operating profit(2) up 52%

AIB Bank UK profit down 61%; operating profit(2) in line with 2007

Poland profit down 9%; operating profit(2) up 25%

M&T US$ contribution down 17%

Efficiency

Income/cost growth rate gap +11%

Cost income ratio down 5.3% from 51.8% to 46.5%

Asset quality

Impaired loans at 2.3% of customer loans

Criticised loans at 11.7% of customer loans

Provision charge at 1.37% of average loans

IBNR provisions: 0.73% of average loans

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