Allied Irish Banks (Adr) (AIBRF) has released an update.
Allied Irish Banks (AIB) reports a robust Q1 2024 with a solid performance marked by an 18% income increase, mainly due to higher interest rates and a growth in loan volumes. The bank remains financially strong with a stable CET1 ratio of 15.9%, and looks forward to executing a €1bn buyback, signaling confidence in its outlook for the year. AIB’s commitment to sustainability is also evident with green lending accounting for 34% of new loans, supporting the transition to a lower-carbon economy.
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