AIB sees mortgage arrears fall more than 10%

AIB sees mortgage arrears fall more than 10%

AIB says it has seen an 11% fall in mortgages arrears this year.

The bank's interim management statement shows an improved financial position, with lending levels up 39% to €9bn.

AIB CEO David Duffy says the bank is profitable and is "continuing to trend towards more normalised levels".

It is reported that the the Government could now look to sell some of its 99% stake in the lender.

Notionally the bank is valued on the Government books at around €10bn which could be argued as being conservative since it is now profitable and it is lending more.

More in this Section

73% increase in seasonal jobs in past five years73% increase in seasonal jobs in past five years

Consumer confidence at lowest level for six years due to BrexitConsumer confidence at lowest level for six years due to Brexit

Emirates on the US jets war with AirbusEmirates on the US jets war with Airbus

Cybersecurity firm Sophos bought out for €3.4bnCybersecurity firm Sophos bought out for €3.4bn


Lifestyle

My sister Gabriella always says that during sibling whispers all I ever wanted was to be on stage.This Much I Know: Man of many talents Mike Hanrahan

Columnist and trained counsellor Fiona Caine offers guidance to a woman whose husband is controlling and belittling her.Ask a counsellor: ‘My husband is so controlling – what do I do?’

Peter Dowdall branches out to take a look at the mountain ash or rowan.Rowan berries show us how nature is stocking its larder for winter

More From The Irish Examiner