Aib Predicts More Job Losses

AIB PREDICTS MORE JOB LOSSES

The Chief Executive of AIB says he expects more job losses at the bank this year.

David Duffy was speaking after AIB’s end-of-year results for 2013 showed that losses were cut by more than half to 1.7 billion euro.

The figures show the bank is meeting its targets for mortgage restructuring and SME arrears.

Operating expenses were down by 278 million euro – and staff costs were down by almost a fifth.

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