Tuesday 12 December 2017

AIB eyes expansion abroad – CEO Bernard Byrne

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AIB will eye expansion abroad after three years, CEO Bernard Byrne said this morning as the bank completed the final step of its €3bn share sale.

In an interview with Bloomberg TV on Tuesday, Bernard Byrne says the focus for now, remains on Ireland.

Read More: Should new AIB shareholders now take the money and run?
The bank will continue to sell portfolios of loans where needed in order to reduce its stock of non-performing loan

Read More: AIB is a beacon of hope, but there are still problems in Irish banking
Shares in AIB went free to trade unconditionally in Dublin and London today, trading at €4.70 each, around the same level where the shares closed last night.

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