Tuesday 25 April 2017

Too many doubts to make stricken bank attractive to markets

Laura Noonan

Laura Noonan

YESTERDAY the latest man to take the hot seat at AIB presented his first set of results to analysts and investors.

David Hodgkinson's account of AIB's performance won praise for the unexpected level of detail included, and the Briton succeeded in quashing fears that AIB's exit from the main stock exchange index would herald a new era of non-disclosure.

Market types were also pleasently surprised by the bank's pre-provision profits of €963m, particularly since the recent stress tests had the bank making pre-provision losses in 2011, 2012 and 2013.

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