AIB income falls in nine months through September on weaker lending activity

Fri, 30th Oct 2020

Irish banking group AIB reported a fall in total income for the nine months through September amid lower net interest income and weaker lending activity. Total income fell 11% in the nine months through September from the same period a year ago, and net interest income fell by 9%. Lending showed tentative signs of recovery with an 18% decrease on Q3 2019, while in the nine months to September 2020 there was a 24% decrease. The company reiterated its guidance for the year, with net interest income expected to be close to €1.9bn and new lending to fall 30% year-on-year. At 10:04am: (LON:AIBG) AIB Group Plc share price was -0.02p at 0.97p Story provided by StockMarketWire.com

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