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AIB expects operating profit in all divisions



18 November 2009 @ 09:15 am BST

Allied Irish Banks expects to achieve operating profit in all divisions - Republic of Ireland, Capital Markets, UK and CEE - in 2009.

It said the bad debt charge will be heavily weighted to the loans that have been identified for potential transfer to NAMA over the coming months.

These loans are predominantly in Republic of Ireland and, to a much lesser extent, UK divisions.

Excluding the Republic of Ireland, the other three divisions collectively are expected to remain profitable this year underlining the importance of international diversification.

Story provided by Business Financial Newswire

© 2009 BFNNews.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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