conti allied irish bank
AIB Half-Yearly Financial Report 2010
4th August 2010
07:00
Key Information - AIB Group interim results 2010
Basis of presentation
The following commentary on results is prepared on a total AIB Group basis including
discontinued operations. A reconciliation of the total income statement to the continuing
operations income statement in the financial statements is included on page 7 of this report.
Profitability(1)
Operating profit before provisions and NAMA loss was € 976 million, down 42%
Loss on transfer of first tranche of assets to NAMA was € 963 million
Loss for the period € 1,731 million
AIB Bank ROI loss of € 2,677 million; operating profit before provisions, down 57%
Capital Markets profit of € 134 million; operating profit before provisions, down 36%
AIB Bank UK loss of £ 55 million; operating profit before provisions, down 31%
Poland profit of Pln 569 million up 80%; operating profit before provisions, up 28%
M&T US$ contribution up 25%
Efficiency
Cost reduction of 5%
Cost income ratio 62.7%(2) from 48.3% in 2009
Asset quality
Criticised loans at 33.3% of total loans
Impaired loans at 15.6% of total loans
Provision charge of € 2.3 billion or 3.61% of average customer loans
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