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5 March 2021 | 09:43am StockMarketWire.com - Allied Irish Bank reported a sharp fall in annual profit as lower interest and and sharp downturn in fee and bad debt provision hurt income. For the year ended 31 December 2020, operating profit fell to €729 million from €1,087 million year-on-year as net interest income slipped 10% to €1.9 billion. Expected credit loss charge of €1,460m and exceptional items of €215m. While in the near term, uncertainty remains high, overall we remain positive in our return to profitability in 2021 and a resumption of normal dividend distributions in line with regulatory guidelines, the company said. At 9:43am: [LON:AIBG] AIB Group Plc share price was 0p at 1.27p ....
19 February 2021 | 08:44am StockMarketWire.com - Allied Irish Bank said it had AIB said it had agreed to sell a non-performing loan portfolio in long-term default to Mars Capital Finance Ireland for €0.4 billion as part of an ongoing effort to reduce its non-performing exposures. The proceeds would be used for general corporate purposes, including the continuation of support for customer restructuring, the company said. The company also confirmed it has entered into a non-binding agreement with Natwest to acquire a circa €4 billion portfolio of performing corporate and commercial loans. Under the deal, employees would also be transferred to AIB from within Ulster Bank Ireland DAC s Commercial franchise directly involved in the day to day management of Natwest s loan book. ....