AIB's first quarter income rises by 18%

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AIB's first quarter income rises by 18%
BusinessAIBColin Hunt
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AIB said its total income increased by 18% in the first quarter of the year on the back of the higher interest rate environment and after what it called 'a very strong first quarter performance'.

AIB said its total income increased by 18% in the first quarter of the year on the back of the higher interest rate environment and after what it called"a very strong first quarter performance".

AIB said its full year 2024 NII guidance of about €3.65 billion assumes an ECB deposit rate of 2.75% by the end of the year. The bank noted that the Irish mortgage market performed well and its new mortgage lending in Ireland was €0.8 billion, which resulted in a market share of 35.4%.

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