{"id":462726,"date":"2026-05-01T05:55:30","date_gmt":"2026-05-01T05:55:30","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/462726\/"},"modified":"2026-05-01T05:55:30","modified_gmt":"2026-05-01T05:55:30","slug":"aib-results-indicate-economy-is-shrugging-off-iran-war-effects","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/462726\/","title":{"rendered":"AIB results indicate economy is shrugging off Iran war effects"},"content":{"rendered":"<p><img decoding=\"async\" alt=\"AIB chief executive Colin Hunt\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/05\/e0a0b88f-4e51-4c67-a527-a6429d8fed33.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">AIB chief executive Colin Hunt<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">New AIB results suggest Irish \u00adconsumers and businesses have shrugged off the impact of the Iran war, so far \u2013 with the bank trading in line with guidance and growth in lending through the first three months of the year.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">AIB\u2019s first-quarter results show new lending is up 11pc to \u20ac3.6bn and the bank said its mortgage market share was 30pc at the end of March.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Growth in total lending was more modest, up 1.7pc to \u20ac73.5bn. \u00ad<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Customer deposits of \u20ac117bn were unchanged since the end of December.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">\u201cNotwithstanding the geopolitical uncertainty, the Irish economy continues to perform well and we remain confident in our outlook for 2026,\u201d AIB CEO Colin Hunt said.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">The bank remains on course to \u201cdeliver strong, sustainable returns to our shareholders as we progress through the final year of our current strategic cycle,\u201d he said.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">The results show total income broadly in line with the same three months of 2025, despite a bigger loan book, reflecting the softer interest rate environment.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Net interest income (NII) was \u20ac920m, with an interest margin of 2.65pc.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Fees and other income was up 8pc.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Costs continue to rise, up 2pc in line with guidance and resulting in a cost-income ratio (CIR) of 44pc.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">The results indicate little or no evidence of rising financial distress among customers as a result of the war and its impact on prices.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">\u201cOverall credit quality remained robust with a small net credit impairment charge recorded in Q1. Our approach remains conservative, comprehensive and forward-looking,\u201d the bank said.<\/p>\n","protected":false},"excerpt":{"rendered":"AIB chief executive Colin Hunt New AIB results suggest Irish \u00adconsumers and businesses have shrugged off the impact&hellip;\n","protected":false},"author":2,"featured_media":462727,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[174],"tags":[41023,79,2190,10891,179,18,19,18929,17],"class_list":["post-462726","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-allied-irish-banks","tag-business","tag-cost-of-living","tag-donal-odonovan","tag-economy","tag-eire","tag-ie","tag-iran","tag-ireland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116497779044303698","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/462726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=462726"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/462726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/462727"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=462726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=462726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=462726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}