AIB Bad Loans Rise To 25%

05 Aug 2009

Allied Irish Banks reports that 25% of its loans are either impaired or at risk, up from 10% at the end of December.

Allied Irish Banks reports that 25% of its loans are either impaired or at risk, up from 10% at the end of December. Eugene Sheehy, AIB’s ceo, predicted that provision for bad debts will peak this year have surging in the first half. Through June, AIB reported a ...

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