AIB gains offer welcome relief, but new challenges lie ahead

AIB overcame the cashless branch debacle to report better half-year results, but a deteriorating economic outlook threatens to make life much more difficult for Ireland’s second largest bank. AIB’s profit before tax in the first six months of 2022 rose by almost 85% to 537 million euros this time.

Excluding these unique factors, AIB’s operating income increased by a still impressive 21 percent to €220 million. Markets reacted positively to the results announcement, with AIB shares rising 3% to €2.22.

https://www.independent.ie/business/irish/aib-profits-provide-some-welcome-relief-but-new-challenges-lie-ahead-41878802.html AIB gains offer welcome relief, but new challenges lie ahead

Fry Electronics Team

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