AIB's after-tax profit swells to €1.1bn in first half of 2024 

The bank's net interest income rose to €2.08bn, with AIB raising it's full-year guidance to more than €4bn

AIB Chief Executive Colin Hunt and AIB Chief Financial Officer Donal Galvin. Picture by Shane O'Neill, Coalesce.

AIB posted an after-tax profit of €1.1bn in the first six months of 2024, underpinned by a high interest rate environment and rising customer loan volumes.

The bank raised its full-year guidance for net interest income from €3.65bn to more than €4bn, on the back of what it called a "very strong" financial performance, assuming an ECB deposit rate of 3.25% and a Bank of England rate of 5% at December 2024.