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)

11 thoughts on “The Downfall Of AIB

  1. Sarah

    Interesting that AIB are shedding 2500 jobs, and yet are taking on new contract staff all the time…

  2. A.Taxpayer

    The loan book increased by EUR 76 Billion, but from what? The percentage increase is the staggering statistic.

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