Heavy Losses for Allied Irish Banks

Summary


The UK business banking operations of Allied Irish Banks remained in the black in the half year to June despite the Dublin-based parent company reporting a pretax loss of pounds 738 million.

The group's AIB Bank UK division - which covers retail and commercial banking operations in Great Britain and Northern Ireland - saw a loss of pounds 28 million in the half-year to June 2009 compared with a profit of pounds 180 million the same period in 2008.

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Extract


Heavy Losses for Allied Irish Banks

But its business banking operations under the Allied Irish Bank (GB) brand - which has a significant presence...

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