AIB announces half-year loss €872 million; Criticised/troubled loans at 25% of total gross loans
Aug 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
AIB (Allied Irish Banks) today published its half-year report to June 30, 2009 and posted a loss for the period €872 million. Impaired loans were at 8.1% of total loans; Criticised/troubled loans were at 25% of total gross loans. A bad debt charge of €2.4 billion was made, which amounts to 3.58% of average customer loans.