AIB posts after-tax profit of €765m helped by ECB rate rises

AIB is the last of the three remaining major banks to reveal it generated significant levels of profits for the year.

After-tax profits rose to €765m for the year as its net interest income increased 20% to almost €2.16bn. Photographer: Aidan Crawley/Bloomberg

AIB has posted an operating profit of almost €1.1bn for 2022 helped by interest rate hikes and the acquisition of loans from Ulster Bank.

After tax profits rose to €765m for the year as its net interest income increased 20% to almost €2.16bn.