DUBLIN (dpa-AFX) - Allied Irish Banks plc (ALBK.L, AIBYY.PK) said that it had a strong performance in the first quarter of 2017, with growth in net interest income and operating profit compared to the year-ago period. In the latest quarter, the company recorded a small net credit provision write-back.
The bank noted that its fully loaded CET1 ratio was 16.0 percent at 31 March 2017, up 70bps from 15.3 percent at December 2016, and remained well in excess of the company's medium term CET1 target of 13 percent.
'We have had a good start to the year, generating 70bps of capital to finish the quarter with a fully loaded CET1 ratio of 16.0%. The performance this quarter was in line with expectations with strong profitability, a stronger balance sheet, significant capital generation and further improvement in the bank's risk profile,' the company's CEO said.
Copyright RTT News/dpa-AFX