AIB Profit Rises on Lending Growth, Mulls Buyback

Dow Jones

Mar 05, 2025

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.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2517961327"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2517961327\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2517961327?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-05 15:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2517961327","market":"sh","top_or_hot":-1,"title":"AIB Profit Rises on Lending Growth, Mulls Buyback","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Michael Susin \n</p>\n<pre>\n \n</pre>\n<p>\n  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. \n</p>\n<p>\n  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. \n</p>\n<p>\n  The company said that net interest income rose 7% to 4.13 billion euros, lifted by higher average interest rates. \n</p>\n<p>\n  It added that return on tangible equity was 26.7%, and new lending grew by 17% to 14.5 billion euros. \n</p>\n<p>\n  Looking ahead, AIB said it expects return on tangible equity in 2025 to be meaningfully ahead of its midterm target of 15%. \n</p>\n<p>\n  The board has proposed a dividend of 36.984 European cents a share, nearly 40% higher than last year. \n</p>\n<p>\n  Additionally, it said that discussions regarding a further 1.2 billion-euro share buyback are underway. \n</p>\n<p>\n  The company said it is on track to return to full private ownership, with the Irish state's shareholding currently at 12.39%. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Michael Susin at michael.susin@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2025 02:39 ET (07:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AIB Profit Rises on Lending Growth, Mulls Buyback</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAIB Profit Rises on Lending Growth, Mulls Buyback\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-05 15:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Michael Susin \n</p>\n<pre>\n \n</pre>\n<p>\n  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. \n</p>\n<p>\n  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. \n</p>\n<p>\n  The company said that net interest income rose 7% to 4.13 billion euros, lifted by higher average interest rates. \n</p>\n<p>\n  It added that return on tangible equity was 26.7%, and new lending grew by 17% to 14.5 billion euros. \n</p>\n<p>\n  Looking ahead, AIB said it expects return on tangible equity in 2025 to be meaningfully ahead of its midterm target of 15%. \n</p>\n<p>\n  The board has proposed a dividend of 36.984 European cents a share, nearly 40% higher than last year. \n</p>\n<p>\n  Additionally, it said that discussions regarding a further 1.2 billion-euro share buyback are underway. \n</p>\n<p>\n  The company said it is on track to return to full private ownership, with the Irish state's shareholding currently at 12.39%. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Michael Susin at michael.susin@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2025 02:39 ET (07:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AIB","symbol_name":"AIB Acquisition Corp","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517961327","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517961327","pubTimestamp":1741160340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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  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%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AIB":"AIB Acquisition Corp"},"translate_title":"AIB利润因贷款增长而上升，考虑回购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIB":1},"content_text":"By Michael Susin \n\n\n \n\n\n  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. \n\n\n  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. \n\n\n  The company said that net interest income rose 7% to 4.13 billion euros, lifted by higher average interest rates. \n\n\n  It added that return on tangible equity was 26.7%, and new lending grew by 17% to 14.5 billion euros. \n\n\n  Looking ahead, AIB said it expects return on tangible equity in 2025 to be meaningfully ahead of its midterm target of 15%. \n\n\n  The board has proposed a dividend of 36.984 European cents a share, nearly 40% higher than last year. \n\n\n  Additionally, it said that discussions regarding a further 1.2 billion-euro share buyback are underway. \n\n\n  The company said it is on track to return to full private ownership, with the Irish state's shareholding currently at 12.39%. \n\n\n \n\n\n  Write to Michael Susin at michael.susin@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2025 02:39 ET (07:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"buyback","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}