The Downfall Of AIB

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Shedding a little more light on the bailed-out, failed-ass, employee-shedding mess that is AIB, the Irish Times’ Simon Carswell has seen a series of reports that reveal nothing less than Anglo’s ugly sister:

“The spoils of the property market lured the mighty AIB into a heavy concentration that felled it.The loan book increased by €76 billion between 2002 and 2008, when the percentage of property loans as a proportion of overall loans went from 18 per cent to 37 per cent.”‬

And there’s more.

Property’s spoils ruined mighty AIB (Simon Carswell, Irish Times)

(Photocall Ireland)