Allied Irish Banks Says Remained Profitable In Q1

(RTTNews) - Allied Irish Banks Plc. (ALBK.L, AIBYY.PK) Friday said it remained profitable in the first quarter and has continued to deliver on its strategic objectives.

Fully loaded CET1 capital, which includes 2009 preference shares, increased from 11.8 percent as at December 31, 2014 to around 12.2 percent.

In impaired loan volumes, the lender reduced 1.7 billion pounds, since the end of 2014, to 20.5 billion pounds.

CEO David Duffy said, "Positive momentum has continued into 2015 with the Group delivering its strategic objectives. On a pre-provision operating basis, underlying performance has continued to improve."