AIB has reported an operating loss of 2.8-billion euro for 2012 – down 65 percent from 8.1-billion the previous year.
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Dependence on ECB lending dropped at the bank by 9-billion last year, to 22-billion euro at the end of December 2012.
9.1 percent of AIB’s residential mortgages are in arrears of over 90 days, while almost 18 percent of Buy-To-Let mortgage accounts are in arrears.
CEO of AIB, David Duffy, says they’ve begun issuing long-term mortgage solutions to distressed customers in the last quarter and he’s confident the bank will hit the targets set out by the Central Bank:
