skip to main content

AIB expects fat profits on Polish, Irish ops

AIB said today it still targets an increase of €100m in profit 2010 and that it will deliver strong financial results in 2006.

Speaking at an investor conference in London AIB said that from 2007 to 2010 it will maintain double digit profit growth through strength in its Irish and Polish markets.

Ireland's biggest bank and biggest listed company reported a 30% rise in first-half profit in August and for the last full financial year AIB reported pre-tax profit of €0.7 billion.

Today AIB said it expects Irish economic growth of 5 to 6% in 2007 and moderation afterwards, and that it expects the country's booming property market to be supported by strong demand.