AIB raises outlook despite a fall in new lending

The bank said it expects other income of €850m for the full year, which compares to previous guidance of €780m.

Colin Hunt, CEO AIB Group. Picture: Miki Barlok

AIB has raised its guidance for the year as total income is expected to increase 70% amid a high interest rate environment.

In a trading update, the bank forecasts net interest income to surge 95% to €3.7bn by the end of the year, up from a previous prediction of €3.6bn and said financial performance for the full year will be “exceptionally strong”.