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AUDIO: AIB stems losses in first half 2013

AIB says it’s offered long-term deals to more than 12,000 of its customers in loan arrears....
Newstalk
Newstalk

07.29 1 Aug 2013


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AUDIO: AIB stems losses in fir...

AUDIO: AIB stems losses in first half 2013

Newstalk
Newstalk

07.29 1 Aug 2013


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AIB says it’s offered long-term deals to more than 12,000 of its customers in loan arrears.

The bank said its met Central Bank target in dealing with mortgage holders in distress.

AIB chief executive David Duffy told Newstalk Breakfast this morning that some customers have had their debts written off.

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He said that so far 4,000 customers accepted the solutions offered by the bank.

AIB said today that it lost €838 million before in the first six months compared with a loss of €1.1 billion at this stage last year.

That’s mainly due to a reduction in the amount of money the bank is setting aside to deal with troubled loans.

AIB's CEO David Duffy spoke to Newstalk's breakfast:  


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