AIB Reports Strong 2024 Financial Performance

Allied Irish Banks (Adr) ( (AIBRF) ) has released its Q4 earnings. Here is a breakdown of the information Allied Irish Banks (Adr) presented to its investors.

Allied Irish Banks (AIB) is a leading financial institution operating primarily in Ireland and the UK, offering a wide range of banking and financial services across retail, business, and corporate sectors. In 2024, AIB reported a robust financial performance with a profit after tax of €2,351 million, driven by strong net interest income and a growing loan book. Key financial highlights include a 7% increase in net interest income to €4.1 billion, a 17% rise in new lending to €14.5 billion, and a net interest margin of 3.16%. The bank’s strategic focus on sustainability is evident in its €16.6 billion green finance initiative and its commitment to reducing carbon emissions. Looking ahead, AIB is well-positioned for continued growth, supported by a resilient balance sheet, a strong capital position, and a strategic focus on customer engagement, operational efficiency, and sustainability.