AIB profits soar to almost €4m a day

AIB recorded its biggest-ever profit last year, as the bank earned almost €4 million a day.

The annual profits of €1.37 billion came just a year after the country’s largest bank revealed that rogue trader John Rusnak had lost $691m on foreign exchange markets.

The bank’s accounts for 2002 show that in Ireland alone the bank made profits of €540m, despite a slowdown in the economy.