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AIB upgrades lending guidance for full year as it maintains positive outlook for business

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Aib News

Colin-Hunt

AIB’s loan book rose 5% in third quarter and the bank upgraded growth guidance for the year to between 5 and 6%

AIB recorded a strong performance in the third quarter of the year, growing its income and loan book as the bank continued to build on the momentum seen in the first half of 2024.

AIB’s loan book rose 5 per cent over the period, increasing to €70.4 billion, and the bank upgraded growth guidance for the year to between 5 and 6 per cent. New lending was 17 per cent higher at €10 billion, with the bank noting positive trends in personal lending and mortgages. Some 35 per cent of new lending was categorised as “green” lending.

At the end of September, AIB had €108 billion in customer accounts, up slightly from the €105 billion it held at the end of December 2023. However, the bank noted the flow of funds to term accounts had slowed in the third quarter of the year.

 

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