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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