AIB chief Colin Hunt says bank 'on clear path to private ownership' as profits hit €2.35bn

Performance was largely underpinned by a 7% rise in net interest income totalling €4.13bn in 2024

AIB chief executive Colin Hunt said the bank will continue to keep its interest rate offerings 'under review'. Picture: Miki Barlok

AIB has posted a record annual profit haul of €2.35bn after tapping into the surge in European Central Bank interest rates that has underpinned income, while facing little competition domestically to offer attractive deposits. 

It compares to the €2bn in after-tax profits it posted in 2023, with AIB's net interest income rising further to €4.13bn from €3.8bn the previous year, reflecting "higher average interest rates and higher average customer loan volumes," AIB said in its earnings statement.