AIB becomes first Irish lender to kick off Covid – 19 writebacks
Allied Irish Banks (AIB) became the first Irish bank to unwind provisions on bad loans related to the COVID-19 crisis. This is after its first half return to profit included a net credit impairment writeback of 103 million euros. The bank posted a half-year pretax profit of 291 million euros ($345.62 million). Ireland’s other dominant lender, Bank of Ireland, took a further […]