QUOTE AND NEWS
The Hindu Business Line  Mar 16  Comment 
The kings of edgy comedy plan to produce feature films by year-end
newratings.com  Mar 3  Comment 
DUBLIN (dpa-AFX) - Allied Irish Banks Plc (ALBK.L, AIBYY.PK) Thursday announced 72 percent surge in pre-tax profit for the full year 2015 to 1.9 billion euros compared to 0.8 billion last year. The company noted that that high quality new...
Yahoo  Jan 14  Comment 
Citigroup Inc (C.N) has settled long-running litigation in which Allied Irish Banks Plc (ALBK.I) accused it of helping rogue currency trader John Rusnak rack up a $691 million loss. U.S. District Judge Deborah Batts in Manhattan on Thursday...
Forbes  Dec 11  Comment 
Bollywood star Irrfan Khan and Indian comedy troupe AIB have proved an unbeatable combination as their spoof Every Bollywood Party Song ranks as the most popular YouTube video in India in 2015.
newratings.com  Nov 17  Comment 
DUBLIN (dpa-AFX) - Allied Irish Banks Plc (AIBYY.PK, ALBK.L) said its performance continued to improve in the quarter to September 2015. The company reported 6.2 billion euros of new lending drawdowns to September 2015, up 53 percent year on year....
The Hindu Business Line  Sep 15  Comment 
Comedy collective AIB is launching a brand new news comedy series called On Air with AIB on the Star Network in October. The 20-episode show (10 in English, 10 in Hindi) will be released on...
The Hindu Business Line  Aug 20  Comment 
Members of AIBOC (All India Bank Officers Confederation) met here on Wednesday evening to condemn the attack of an officer of Canara Bank's Somandurai Branch near Pollachi last week. AIB...




 

Allied Irish Banks (NYSE: AIB) is the second-largest bank in Ireland by assets. The firm offers various financial services, including lending and capital markets activities. Debt contagion in Ireland has caused the bank to suffer losses in the past two fiscal years, as interest rate changes cause the bank to make less net interest income. In addition, the bank's Irish clients are failing to repay loans, as Ireland's economy is drowning in debt.

Business Overview

In the past fiscal year, Allied Irish Banks turned a loss due to debt contagion in Ireland.[1] As the debt crisis consists,[2] AIB and other Irish banks may continue to turn losses.

Trends and Forces

AIB Suffers from European Debt Contagion

AIB is directly and indirectly affected by market conditions. For example, changes in interest rates could adversely affect net interest margin — the difference between the yield the bank earns on assets and the interest rate it pays for deposits and other sources of funding — which could in turn affect earnings. Market risks include fluctuations in interest and currency exchange rates, and equity and futures prices. Such risks affect loans, deposits, securities, short-term borrowings, long-term debt, trading account assets and liabilities, and derivatives. In the past fiscal year, these risks have had a negative affect on European banks, as the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) have been at risk of default.

AIB has Exposure to Lending and Credit Risks

A number of AIB's products expose it to credit risk, including loans, leases and lending commitments, derivatives, trading account assets and assets held-for-sale. As one of the Ireland’s largest lenders, AIB relies heavily on accurately predicting how well its customers will repay their loans. The corporation must constantly weigh ongoing economic factors and should they overestimate its customers' ability to repay loans, the bank's overall performance will suffer.

Competition

References

  1. AIB 2010 20-F
  2. Seeking Alpha, "The Biggest Loser in Ireland's Ongoing Debt Crisis," 12/02/2010
  3. Bloomberg, "Bank of Ireland Becomes 'Slave' to Country's Sovereign Debt Woe," 06/15/2011
  4. Retail Banker International, "Barclays overtakes RBS to rank UK no.1 by assets," 08/06/2010
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