Bank of Ireland and Allied Irish Banks’ shares have performed worse than most European lenders this year. A recession and 25% unemployment explain some of the pain, but they are not the biggest worry, says aimeedonnellan ReutersFlasseur
Allied Irish Banks set aside 210 million euros to cover expected loan losses in the first quarter, the lender said on May 12.
AIB’s non-performing loan exposures rose to 3.6 billion euros from 3.3 billion euros at the end of 2019, with the main component a change to its default definition.
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