AIB loses €758m in first half of year

State-owned AIB made a post provision loss of €758m for the first half of this year, which is down from €1,054m for the same period last year.

Provisions for the bad or impaired loans for the first six months of this year was €738m, which is a 53% drop on the second six months of last year and a 24% reduction compared with the same period in 2012.

Pre-provision operating profit was €162m, which is an improvement of €272m compared with the same period last year.