FONT-SIZE Plus   Neg

Allied Irish Banks 2011 Pre-tax Loss Narrows - Quick Facts

Allied Irish Banks Plc (AIBYY.PK,ALBK.L) reported 2011 pre-tax loss of 5.11 billion euros, narrower than 12.07 billion euros last year.

Loss attributable to owners was 2.31 billion euros versus a loss of 10.23 billion euros a year ago. On a per share basis, loss narrowed to 0.9 cents from the prior year's 564.0 cents.

Loss per share from continuing operations was 1.6 cents versus loss per share of 571.1 cents in the preceding year.

Net interest income declined to 1.35 billion euros from 1.84 billion euros last year, due to higher Eligible Liabilities Guarantee scheme costs, margin compression and reduced interest earning loan volumes. Net interest margin declined to 1.03% in 2011 from 1.31% in 2010.

Looking ahead, the company's plan to return to profitability by 2014 remains on target.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Pilot of an American Airline died as he was flying the Airbus A320 from Phoenix to Boston. The co-pilot managed the situation and made an emergency landing at Syracuse Hancock International airport on Monday. The Flight was carrying 147 passengers and five crew members. Popular social media company Twitter Inc. Monday confirmed that co-founder and one of the largest shareholders Jack Dorsey will be permanent chief executive officer. Xbox Live users are aggravated about repeated outages that have prevented gamers from accessing online multiplayer features.
comments powered by Disqus
Follow RTT