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AIB Group in the UK, which has 15 branches here, has reported an adjusted pre-tax loss of £62m for 2020 as it grappled with the economic impact of Covid-19.
There had been operating profit of £116m - which was down 38% due to the income impact of lower interest results as a result of the Covid-19 pandemic.
But the profits were wiped out as the bank increased its impairment charge - the amount set aside to cover bad debts - to £178m from £18m in 2019.
The £62m loss compares to £172m in profits in 2019.
In accounts lodged at Companies House, AIB Group (UK) plc said the increase in the impairment charge was “down to the deterioration in the economic outlook, credit downgrades, especially in sectors most affected by Covid-19”.
AIB Group reports an adjusted pre-tax loss of £62m belfasttelegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from belfasttelegraph.co.uk Daily Mail and Mail on Sunday newspapers.
Posted on December 09, 2020
Ethica Wines has partnered with top Prosecco producer La Gioiosa to bring Prosecco DOC Rosé to the U.S. for the first time. The wines have arrived from Italy and are available just in time for the holidays across 21 states . Technically speaking, Prosecco DOC Rosé by La Gioiosa is one of the most interesting new wines to arrive from Italy this season.
“Prosecco Rosé will most definitely represent an opportunity, especially in this particular moment, to win over new clients and obtain new listings with distributors all over the world,” says La Gioiosa owner Giancarlo Moretti Polegato who was the first to propose a Prosecco rosé in 2009.