AIB has reported profits after tax of €2,351 million and earnings per share of 92.5 per cent.
The return on tangible equity (RoTE) is 26.7 per cent, with the bank stating that it expects RoTE in 2025 to be “meaningfully ahead” of its 15 per cent medium-term target.
The bank’s total income is up four per cent to €4,908 million with a net interest income of €4,129 million and other income of €779 million.
AIB chief executive officer, Colin Hunt, said: “I am pleased to announce that AIB has again delivered a very strong performance in 2024 with profit after tax of €2.35 billion, a 26.7 per cent return on tangible equity and total distributions to shareholders of
€2.6 billion.
“Against a solid economic backdrop, new lending grew by 17 per cent to €14.5 billion with six per cent loan book growth to €71.2 billion. We have continued to expand the Group’s products and services as well as our customer base, which at 3.35 million has never been…
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