Focus falls on AIB as banks account for Covid-19 costs

The focus turns on the way Irish banks are weathering the early stages of the Covid-19 economic storm as AIB hosts its annual shareholders’ meeting by video conference on Wednesday morning.

There are over 1 million people in receipt in some form of Government Covid-19 related payment or are unemployed in the Republic and investors are focusing on how Irish and other European banks will handle the inevitable rise in soured loans in the coming months.