advertisement

More Redundancies Expected At AIB

The Chief Executive of AIB says he expects more job losses at the bank this year.

- Advertisement -

David Duffy was speaking after AIB's end-of-year results for 2013 showed that losses were cut by more than half to €1.7 billion.

The figures show the bank is meeting its targets for mortgage restructuring and SME arrears.

Operating expenses were down by €278 million – and staff costs were down by almost a fifth.

advertisement
advertisement
advertisement