logo
Share SHARE
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
Following his twelve-day trip to Asia, President Donald Trump announced Monday the U.S. is putting North Korea back on a list of state sponsors of terrorism. Trump announced the move in comments ahead of a Cabinet meeting and said his administration would also be ramping up sanctions on North Korea. Volkswagen plans to invest about 22.8 billion euros in its core brand from 2018 to 2022, with main focus on e-mobility and modularization. In a statement on Saturday, the German automaker announced that the investments, as part of the brand's Transform 2025+ strategy, will significantly boost the brand's largest product and technology offensive. Health IQ Insurance Services, a startup focused on providing life insurance for health-conscious individuals, said it has secured $34.6 million in Series C funding, led by Andreessen Horowitz. To date, the company has raised a total of $81 million in funding mostly from its existing investors.
comments powered by Disqus
Follow RTT