AIB Profit Rises on Lending Growth, Mulls Buyback

Dow Jones
2025/03/05
 

By Michael Susin

 

AIB Group said net profit for 2024 rose, supported by a robust increase in lending and a solid economic backdrop, and that it is in talks regarding a new share buyback.

The Irish bank on Wednesday said net profit for the year increased to 2.35 billion euros ($2.50 billion) from 2.06 billion euros in 2023.

The company said that net interest income rose 7% to 4.13 billion euros, lifted by higher average interest rates.

It added that return on tangible equity was 26.7%, and new lending grew by 17% to 14.5 billion euros.

Looking ahead, AIB said it expects return on tangible equity in 2025 to be meaningfully ahead of its midterm target of 15%.

The board has proposed a dividend of 36.984 European cents a share, nearly 40% higher than last year.

Additionally, it said that discussions regarding a further 1.2 billion-euro share buyback are underway.

The company said it is on track to return to full private ownership, with the Irish state's shareholding currently at 12.39%.

 

Write to Michael Susin at michael.susin@wsj.com

 

(END) Dow Jones Newswires

March 05, 2025 02:39 ET (07:39 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10