AIB shares down 13% after increase in bad debts

AIB's share price has slumped by 13% in early trading following the bank's admission last night that its bad debts this year will be significantly worse than predicted.

AIB shares down 13% after increase in bad debts

AIB's share price has slumped by 13% in early trading following the bank's admission last night that its bad debts this year will be significantly worse than predicted.

The bank is increasing its estimated bad-debt charge for the year from €2.9bn to €4.3bn.

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