Sunday 18 February 2018

AIB is determined to rebuild trust and 
return the investment of the Irish people

AIB's CEO David Duffy
AIB's CEO David Duffy

David Duffy

AIB and the Irish people have travelled a very difficult road together over the past six years. The State has provided the means for the bank's survival and recovery. 

Now AIB has reached a point where it can announce a return to sustainable profitability for the first half of 2014 - €437m before tax. A bank that is generating capital provides fuel for the economy, stimulates growth and secures existing employment and supports job-creation. Crucially, it ultimately allows a return to the shareholder and also goes a long way towards retrieving lost trust and confidence.

When I joined as CEO of AIB in December 2011, the bank’s figures made grim reading. What followed was this: losses of €5.1 billion for 2011; losses of €3.7 billion for 2012; losses of €1.7 billion for 2013. 

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