UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the date of 06 August, 2008
ALLIED IRISH BANKS, public limited company
Bankcentre, Ballsbridge, Dublin 4, Republic of
Ireland
Indicate by check mark whether the registrant files or will file annual reports under cover
of Form 20-F or Form 40-F.
Form 20-F..X... Form 40-F.....
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No ..X...
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
John O'Donnell
|
Alan Kelly
|
Catherine Burke
|
Group Finance Director
|
General Manager, Group
Finance
|
Head of Group Corporate
Relations
|
Bankcentre
|
Bankcentre
|
Bankcentre
|
Dublin
|
Dublin
|
Dublin
|
353-1-660-0311
|
353-1-660-0311
|
353-1-660-0311
|
Ext.
14412
|
Ext.
12162
|
Ext.
13894
|
Half-year
|
Half-year
|
Year
|
|
30
June
|
30
June
|
31
December
|
|
2008
|
2007
|
2007
|
|
€
m
|
€
m
|
€
m
|
|
Results
|
|
|
|
Total
operating income
|
2,445
|
2,417
|
4,868
|
Operating
profit
|
1,103
|
1,150
|
2,248
|
Profit
before taxation - continuing operations
|
1,279
|
1,318
|
2,508
|
Profit
attributable to equity holders of the parent
|
1,040
|
1,041
|
1,949
|
Per
€ 0.32 ordinary share
|
|
|
|
Earnings -
basic (
note
14)
|
114.0c
|
114.7c
|
218.0c
|
Earnings -
diluted (
note
14
)
|
113.8c
|
113.8c
|
216.4c
|
Dividend
|
30.6c
|
27.8c
|
79.0c
|
Dividend
payout
|
27%
|
24%
|
36%
|
Net
assets
|
€
10.29
|
€
10.12
|
€
10.61
|
Performance
measures
|
|
|
|
Return on
average total assets
|
1.20%
|
1.34%
|
1.21%
|
Return on
average ordinary shareholders' equity
|
21.9%
|
23.8%
|
21.8%
|
Balance
sheet
|
|
|
|
Total
assets
|
182,973
|
177,216
|
177,862
|
Ordinary
shareholders' equity
|
9,058
|
8,889
|
9,330
|
Loans and
receivables to banks and customers
|
142,190
|
135,038
|
137,068
|
Deposits
(1)
|
158,314
|
154,001
|
153,563
|
Capital
ratios
(2)
|
Basel
II
|
Basel
I
|
Basel
I
|
Tier 1
capital
|
7.7%
|
7.6%
|
7.5%
|
Total
capital
|
10.6%
|
10.4%
|
10.1%
|
Earnings
per share
|
Half-year
June 2008 |
Half-year
June
2007
|
%
change
2008 v 2007
|
Basic
earnings per share
|
114.0c
|
114.7c
|
-1
|
less profit
on disposal of business
(1)
|
(12.0c)
|
-
|
-
|
less profit
on disposal/development of property
(2)
|
(0.6c)
|
(8.3c)
|
-
|
adjust for
hedge volatility
(3)
|
3.5c
|
2.4c
|
-
|
Adjusted
basic earnings per share
|
104.9c
|
108.8c
|
-4
|
Average accounting rates
|
Average effective rates
|
Period end rates
|
||||
|
Half year
June 2008
|
Half year
June 2007
|
Half year
June 2008
|
Half year
June 2007
|
Half year
June 2008
|
Half year
June 2007
|
US dollar
|
1.53
|
1.33
|
1.48
|
1.32
|
1.58
|
1.35
|
Sterling
|
0.77
|
0.67
|
0.74
|
0.67
|
0.79
|
0.67
|
Polish zloty
|
3.49
|
3.84
|
3.61
|
3.87
|
3.35
|
3.77
|
Summary income statement
|
Half year
June 2008
€ m
|
Half year
June 2007
€ m
|
Underlying
% change
2008 v 2007
|
Net interest income
|
1,865
|
1,667
|
15
|
Other income
|
580
|
750
|
-21
|
Total operating income
|
2,445
|
2,417
|
3
|
Personnel expenses
|
761
|
799
|
-4
|
General and administrative expenses
|
369
|
368
|
1
|
Depreciation
(1)
/amortisation
(2)
|
74
|
70
|
4
|
Total operating expenses
|
1,204
|
1,237
|
-2
|
Operating profit before provisions
|
1,241
|
1,180
|
8
|
Provisions for impairment of loans and receivables
|
137
|
25
|
487
|
Provisions for liabilities and commitments
|
-
|
4
|
-
|
Amounts written off financial investments available for sale
|
1
|
1
|
-
|
Total provisions
|
138
|
30
|
346
|
Operating profit
|
1,103
|
1,150
|
-1
|
Associated undertakings
|
57
|
81
|
-21
|
Profit on disposal of
property
|
7
|
41
|
-
|
Construction contract income
|
6
|
44
|
-
|
Profit on disposal of businesses
|
106
|
2
|
-
|
Profit before taxation
|
1,279
|
1,318
|
-1
|
|
Half-year
|
Half-year
|
|
Underlying
|
|
|
June 2008
|
June 2007
|
% change
|
% change
|
|
Divisional profit before taxation
|
€
m
|
€
m
|
2008 v 2007
|
2008 v 2007
|
|
AIB
Bank
Republic
of
Ireland
|
€
|
574
|
534
|
7
|
-5
|
Capital Markets
|
€
|
295
|
333
|
-11
|
-8
|
AIB Bank
UK
|
£
|
180
|
150
|
20
|
1
|
|
€
|
233
|
223
|
|
|
Poland
|
Pln
|
618
|
596
|
4
|
4
|
|
€
|
177
|
155
|
|
|
Group
|
€
|
-
|
73
|
-
|
-
|
AIB Group
|
€
|
1,279
|
1,318
|
-3
|
-1
|
Average interest earning
assets
|
Half -year
June 2008
€ m
|
Half -year
June 2007
€
m
|
%
change
(1)
2008 v 2007
|
Average interest earning
assets
|
169,860
|
152,738
|
11
|
Net interest margin
|
Half -year
June 2008
%
|
Half -year
June 2007
%
|
Basis
Point
change
|
Group net interest margin
|
2.21
|
2.20
|
+1
|
Other income
|
Half-year
June 200
8
€
m
|
Half-year
June 2007
€ m
|
Underlying
% change
200
8
v 200
7
|
Dividend income
|
23
|
22
|
1
|
Banking fees and commissions
|
446
|
492
|
-9
|
Investment banking and asset management fees
|
169
|
221
|
-27
|
Fee and commission income
|
615
|
713
|
-15
|
Less:
Fee and commission expense
|
(62)
|
(94)
|
-36
|
Trading income
|
(45)
|
98
|
-
|
Currency hedging profits
|
3
|
2
|
-
|
Interest rate hedge volatility
|
(35)
|
(25)
|
-
|
Net trading income
(1)
|
(77)
|
75
|
-
|
Other operating income
|
81
|
34
|
114
|
Total other income
|
580
|
750
|
-21
|
|
Half-year
|
Half-year
|
Underlying
|
Operating expenses
|
June 2008
€ m
|
June 2007
€ m
|
% change
2008 v 2007
|
Personnel expenses
|
761
|
799
|
-4
|
General and administrative expenses
|
369
|
368
|
1
|
Depreciation
(1)
/amortisation
(2)
|
74
|
70
|
4
|
Total operating expenses
|
1,204
|
1,237
|
-2
|
Efficiency measures
|
Half-year
June 2008
|
Half-year
June 2007
|
Cost income ratio
|
49.2%
|
51.2%
|
Income/cost growth rate gap
|
+5%
|
+4%
|
|
Half-year
|
Half-year
|
|
June 2008
|
June 2007
|
Provisions charged against income
|
€ m
|
€
m
|
Provisions for impairment of loans and receivables
|
137
|
25
|
Provisions for liabilities and commitments
|
-
|
4
|
Amounts written off financial investments available for sale
|
1
|
1
|
Total provisions
|
138
|
30
|
|
Half-year
|
Half-year
|
Half-year
|
Half-year
|
|
June 2008
|
June 2008
|
June 2007
|
June 2007
|
Divisional impairment charges
|
€ m
|
bps
|
€
m
|
bps
|
AIB
Bank
Republic
of
Ireland
|
89
|
24
|
46
|
15
|
Capital Markets
|
20
|
15
|
(22)
|
-19
|
AIB Bank
UK
|
25
|
21
|
7
|
6
|
Poland
|
3
|
7
|
(6)
|
-24
|
AIB Group
|
137
|
21
|
25
|
4
|
|
30 June 2008
|
As % of
|
31 December 2007
|
As % of
|
Impaired loans by Division
|
impaired loans
€ m
|
total loans
30 June 2008
|
impaired loans
€
m
|
total loans
31 December
2007
|
AIB
Bank
Republic
of
Ireland
|
773
|
1.0
|
511
|
0.7
|
Capital Markets
|
124
|
0.5
|
77
|
0.3
|
AIB Bank
UK
|
337
|
1.4
|
274
|
1.1
|
Poland
|
206
|
2.4
|
187
|
2.8
|
AIB Group
|
1,440
|
1.1
|
1,049
|
0.8
|
|
30 June
|
31 December
|
|
2008
|
2007
|
Ratings profiles - Masterscale grade
|
€ m
|
€
m
|
|
|
|
1 to 3
|
20,556
|
24,608
|
4 to 10
|
106,527
|
99,123
|
11 to 13
|
7,005
|
4,985
|
|
134,088
|
128,716
|
Unearned income
|
(438)
|
(371)
|
Provisions
|
(836)
|
(742)
|
Loans and receivables to customers
|
132,814
|
127,603
|
|
30 June
|
As % of
|
31 December
|
As % of
|
|
2008
|
total
|
2007
|
total
|
Aged analysis of contractually past due but not impaired
|
€ m
|
loans
|
€
m
|
loans
|
1 to 30 days
|
4,493
|
3.4
|
4,496
|
3.5
|
31 to 60 days
|
976
|
0.7
|
803
|
0.6
|
61 to 90 days
|
531
|
0.4
|
305
|
0.2
|
91+ days
|
150
|
0.1
|
107
|
0.1
|
|
Risk weighted
|
Loans to
|
Customer
|
|
assets
|
customers
|
accounts
|
% change 30 June 2008 v 31 December 2007
|
% change
|
% change
|
% change
|
AIB
Bank
Republic
of
Ireland
|
5
|
4
|
-
|
Capital Markets
|
4
|
8
|
25
|
AIB Bank
UK
|
5
|
5
|
10
|
Poland
|
14
|
20
|
15
|
AIB Group
|
6
|
6
|
9
|
|
30 June 2008
|
31 December 2007
|
31 December 2007
|
30 June 2007
|
Capital
|
Basel
II
|
Basel
II
|
Basel
I
|
Basel
I
|
Core Tier 1 ratio
|
6.2%
|
6.0%
|
5.8%
|
5.7%
|
Tier 1 ratio
|
7.7%
|
7.7%
|
7.5%
|
7.6%
|
Total capital ratio
|
10.6%
|
10.2%
|
10.1%
|
10.4%
|
Portfolio
|
Treatment/Impact
|
Valuation Method
|
Global Treasury Credit Asset Portfolio
|
|
|
-Trading
|
€ 8 million charge to income
|
Quoted prices/observable
|
|
|
market parameters
|
-Available for sale
|
€ 37 million (before taxation) charge to equity
|
Quoted prices/observable
|
|
account
(1)
|
market parameters
|
Corporate Banking
|
|
|
-Structured securities portfolio
|
€ 9 million charge reflected in income statement
|
Mark to model/market
|
|
(including € 5 million ($ 9 million) regarding
|
|
|
subprime exposure)
|
|
|
€ 17 million charge on disposal/restructuring of assets
|
|
Balance sheet summary
|
30 June 2008
|
31 December 2007
|
Total assets € bn
|
183
|
178
|
Loans and receivables to customers € bn
|
133
|
128
|
Customer deposits € bn
|
87
|
81
|
Wholesale funding € bn
|
71
|
72
|
Customer loans funded by customer deposits and funding > 6
months
|
91%
|
94%
|
|
30 June 2008
|
30 June 2007
|
31 December 2007
|
|||
Sources of funds
|
€ billion %
|
€ billion %
|
€ billion %
|
|||
Customer accounts
|
87
|
50
|
79
|
47
|
81
|
48
|
Deposits by banks - secured
|
9
|
5
|
11
|
6
|
8
|
5
|
-unsecured*
|
19
|
11
|
29
|
17
|
22
|
13
|
Certificates of deposit and commercial paper
|
24
|
14
|
13
|
8
|
22
|
13
|
Asset covered securities
|
7
|
4
|
7
|
4
|
7
|
4
|
Senior debt
|
12
|
7
|
15
|
9
|
13
|
8
|
Capital
|
16
|
9
|
16
|
9
|
16
|
9
|
|
174
|
100
|
170
|
100
|
169
|
100
|
* Deposits by banks (unsecured) when netted against loans to
banks:
|
9
|
6
|
15
|
8
|
9
|
8
|
|
Half-year
|
Half-year
|
Underlying
(1)
|
|
June 2008
|
June 2007
|
% change
|
AIB
Bank
Republic
of
Ireland
income statement
|
€ m
|
€ m
|
200
8
v 200
7
|
Net interest income
|
870
|
868
|
-
|
Other income
|
239
|
238
|
1
|
Total operating income
|
1,109
|
1,106
|
-
|
Personnel expenses
|
343
|
353
|
-3
|
General and administrative expenses
|
151
|
152
|
-
|
Depreciation / amortisation
|
24
|
26
|
-5
|
Total operating expenses
|
518
|
531
|
-2
|
Operating profit before provisions
|
591
|
575
|
3
|
Provisions for impairment of loans and receivables
|
89
|
46
|
94
|
Provisions for liabilities and commitments
|
-
|
2
|
-
|
Total provisions
|
89
|
48
|
86
|
Operating profit
|
502
|
527
|
-5
|
Associated undertakings
|
(2)
|
7
|
-
|
Profit on disposal of property
|
6
|
-
|
-
|
Profit
before disposal of business
|
506
|
534
|
-5
|
Profit on disposal of business
|
68
|
-
|
-
|
Profit before taxation
|
574
|
534
|
7
|
|
Half-year
|
Half-year
|
Underlying
(1)
|
|
June 2008
|
June 2007
|
% change
|
Capital Markets
income statement
|
€ m
|
€ m
|
200
8
v 200
7
|
Net interest income
|
421
|
285
|
55
|
Other income
|
101
|
254
|
-60
|
Total operating income
|
522
|
539
|
-
|
Personnel expenses
|
149
|
165
|
-8
|
General and administrative expenses
|
52
|
55
|
-1
|
Depreciation / amortisation
|
8
|
7
|
10
|
Total operating expenses
|
209
|
227
|
-6
|
Operating profit before provisions
|
313
|
312
|
4
|
Provisions for impairment of loans and receivables
|
20
|
(22)
|
-
|
Provisions for liabilities and commitments
|
(3)
|
2
|
-
|
Amounts written off financial investments available for sale
|
1
|
1
|
67
|
Total provisions
|
18
|
(19)
|
-
|
Operating profit
|
295
|
331
|
-7
|
Profit on disposal of business
|
-
|
2
|
-
|
Profit before taxation
|
295
|
333
|
-8
|
|
Half-year
|
Half-year
|
Underlying
|
Capital Markets business unit profit split
|
June 2008
€ m
|
June 20
07
€ m
|
% change
2008 v 2007
|
Corporate Banking
|
192
|
230
|
-13
|
Global Treasury
|
80
|
60
|
31
|
Investment Banking
|
23
|
43
|
-49
|
Profit before taxation
|
295
|
333
|
-8
|
|
Half-year
|
Half-year
|
Underlying
(1)
|
|
June 2008
|
June 2007
|
% change
|
AIB Bank
UK
income statement
|
Stg £
m
|
Stg £
m
|
200
8
v 200
7
|
Net interest income
|
238
|
229
|
4
|
Other income
|
51
|
52
|
-1
|
Total operating income
|
289
|
281
|
3
|
Personnel expenses
|
83
|
87
|
-4
|
General and administrative expenses
|
33
|
36
|
-7
|
Depreciation / amortisation
|
4
|
4
|
3
|
Total operating expenses
|
120
|
127
|
-5
|
Operating profit before provisions
|
169
|
154
|
10
|
Provisions for impairment of loans and receivables
|
19
|
4
|
347
|
Provisions for liabilities and commitments
|
-
|
-
|
-
|
Total provisions
|
19
|
4
|
347
|
Operating profit
|
150
|
150
|
-
|
Associated undertakings
|
1
|
-
|
-
|
Profit
before disposal of business
|
151
|
150
|
1
|
Profit on disposal of business
|
29
|
-
|
-
|
Profit before taxation
|
180
|
150
|
20
|
Profit before taxation
€ m
|
233
|
223
|
20
|
|
Half-year
|
Half-year
|
Underlying
|
AIB Bank
UK
business unit profit split
|
June 2008
£ m
|
June 2007
£ m
|
% change
2008 v 2007
|
AIB (GB)
|
86
|
84
|
3
|
First Trust Bank
|
65
|
66
|
-2
|
Profit on sale of business
|
29
|
-
|
-
|
Profit before taxation
|
180
|
150
|
20
|
|
Half-year
|
Half-year
|
Underlying
|
|
June 2008
|
June 2007
|
% change
|
Poland
income statement
|
Pln
m
|
Pln
m
|
200
8
v 200
7
|
Net interest income
|
718
|
533
|
35
|
Other income
|
745
|
738
|
1
|
Total operating income
|
1,463
|
1,271
|
15
|
Personnel expenses
|
458
|
389
|
18
|
General and administrative expenses
|
319
|
244
|
31
|
Depreciation / amortisation
|
51
|
66
|
-24
|
Total operating expenses
|
828
|
699
|
18
|
Operating profit before provisions
|
635
|
572
|
11
|
Provisions for impairment of loans and receivables
|
10
|
(24)
|
-
|
Provisions for liabilities and commitments
|
10
|
-
|
-
|
Total provisions
|
20
|
(24)
|
-
|
Operating profit
|
615
|
596
|
3
|
Profit on disposal of property
|
3
|
-
|
-
|
Profit
before taxation
|
618
|
596
|
4
|
Profit before taxation
€ m
|
177
|
155
|
4
|
Group income statement
|
Half-year
June 2008
€
m
|
Half-year
June 2007
€
m
|
Net interest income
|
60
|
36
|
Other income/(loss)
|
(40)
|
(12)
|
Total operating income
|
20
|
24
|
Personnel expenses
|
30
|
51
|
General and administrative expenses
|
32
|
44
|
Depreciation/amortisation
|
22
|
15
|
Total operating expenses
|
84
|
110
|
Operating loss
|
(64)
|
(86)
|
Associated undertaking - M&T
|
58
|
74
|
Profit on disposal of property
|
-
|
41
|
Construction contract income
|
6
|
44
|
Profit before taxation
|
-
|
73
|
Notes
|
Half-year
30 June 2008 € m
|
Half-year
30 June
2007
€
m
|
Year 31 December 2007
€
m
|
|
Interest and similar income
|
3
|
5,004
|
4,354
|
9,340
|
Interest expense and similar charges
|
4
|
3,139
|
2,687
|
5,922
|
Net interest income
|
|
1,865
|
1,667
|
3,418
|
Dividend income
|
5
|
23
|
22
|
31
|
Fee and commission income
|
6
|
615
|
713
|
1,453
|
Fee and commission expense
|
6
|
(62)
|
(94)
|
(197)
|
Net trading (loss)/income
|
7
|
(77)
|
75
|
74
|
Other operating income
|
8
|
81
|
34
|
89
|
Other income
|
|
580
|
750
|
1,450
|
Total operating income
|
|
2,445
|
2,417
|
4,868
|
Administrative expenses
|
9
|
1,130
|
1,167
|
2,376
|
Amortisation of intangible assets
|
|
27
|
28
|
60
|
Depreciation of property, plant and equipment
|
|
47
|
42
|
85
|
Total operating expenses
|
|
1,204
|
1,237
|
2,521
|
Operating profit before provisions
|
|
1,241
|
1,180
|
2,347
|
Provisions for impairment of loans and receivables
|
19
|
137
|
25
|
106
|
Provisions for liabilities and commitments
|
|
-
|
4
|
(8)
|
Amounts written off financial investments available for sale
|
|
1
|
1
|
1
|
Operating profit
|
|
1,103
|
1,150
|
2,248
|
Associated undertakings
|
|
57
|
81
|
128
|
Profit on disposal of property
|
10
|
7
|
41
|
76
|
Construction contract income
|
11
|
6
|
44
|
55
|
Profit on disposal of businesses
|
12
|
106
|
2
|
1
|
Profit before taxation
|
|
1,279
|
1,318
|
2,508
|
Income tax expense
|
13
|
194
|
239
|
442
|
Profit for the period - all continuing operations
|
|
1,085
|
1,079
|
2,066
|
Attributable to:
|
|
|
|
|
Equity holders of the parent
|
|
1,040
|
1,041
|
1,949
|
Minority interests in subsidiaries
|
|
45
|
38
|
117
|
|
|
1,085
|
1,079
|
2,066
|
Basic earnings per share
|
14(a)
|
114.0c
|
114.7c
|
218.0c
|
Diluted earnings per share
|
14(b)
|
113.8c
|
113.8c
|
216.4c
|
Notes
|
30 June
2008
€
m
|
31 December
2007
€
m
|
30 June
2007
€
m
|
|
Assets
|
|
|
|
|
Cash and balances at central banks
|
|
1,144
|
1,264
|
613
|
Treasury bills and other eligible bills
|
|
14
|
15
|
370
|
Items in course of collection
|
|
676
|
383
|
855
|
Trading portfolio financial assets
|
16
|
6,737
|
8,256
|
9,470
|
Derivative financial instruments
|
26
|
4,248
|
4,557
|
3,023
|
Loans and receivables to banks
|
17
|
9,376
|
9,465
|
14,821
|
Loans and receivables to customers
|
18
|
132,814
|
127,603
|
120,217
|
Financial investments available for sale
|
21
|
22,834
|
20,969
|
22,233
|
Interests in associated undertakings
|
|
1,605
|
1,682
|
1,772
|
Intangible assets and goodwill
|
|
707
|
636
|
578
|
Property, plant and equipment
|
|
622
|
608
|
587
|
Other assets
|
|
819
|
786
|
1,428
|
Current taxation
|
|
-
|
2
|
15
|
Deferred taxation
|
|
288
|
254
|
181
|
Prepayments and accrued income
|
|
1,074
|
1,143
|
1,031
|
Assets classified as held for sale
|
|
15
|
239
|
22
|
Total assets
|
|
182,973
|
177,862
|
177,216
|
Liabilities
|
|
|
|
|
Deposits by banks
|
|
28,002
|
30,389
|
39,797
|
Customer accounts
|
22
|
86,983
|
81,308
|
79,023
|
Trading portfolio financial liabilities
|
|
88
|
194
|
493
|
Derivative financial instruments
|
26
|
4,461
|
4,142
|
3,151
|
Debt securities in issue
|
23
|
43,329
|
41,866
|
35,181
|
Current taxation
|
|
198
|
181
|
220
|
Deferred taxation
|
|
26
|
60
|
-
|
Other liabilities
|
|
1,761
|
1,473
|
2,123
|
Accruals and deferred income
|
|
1,301
|
1,808
|
1,343
|
Retirement benefit liabilities
|
|
713
|
423
|
252
|
Provisions for liabilities and commitments
|
|
71
|
74
|
98
|
Subordinated liabilities and other capital instruments
|
25
|
5,090
|
4,605
|
4,841
|
Disposal group classified as held for sale
|
|
-
|
161
|
-
|
Total liabilities
|
|
172,023
|
166,684
|
166,522
|
Shareholders' equity
|
|
|
|
|
Share capital
|
294
|
294
|
294
|
|
Share premium account
|
1,693
|
1,693
|
1,693
|
|
Other equity interests
|
497
|
497
|
497
|
|
Reserves
|
(55)
|
327
|
152
|
|
Profit and loss account
|
7,126
|
7,016
|
6,750
|
|
Shareholders' equity
|
9,555
|
9,827
|
9,386
|
|
Minority interests in subsidiaries
|
1,395
|
1,351
|
1,308
|
|
Total shareholders' equity including minority interests
|
10,950
|
11,178
|
10,694
|
|
Total liabilities, shareholders' equity and minority
interests
|
182,973
|
177,862
|
177,216
|
Consolidated statement of cash flows
|
Half-year
30 June
2008
€
m
|
Half-year
30 June
2007
€
m
|
Year
31 December
2007
€
m
|
Operating activities
|
|
|
|
Profit before taxation
|
1,279
|
1,318
|
2,508
|
Adjust for non-cash items
|
(328)
|
(100)
|
384
|
|
951
|
1,218
|
2,892
|
Net cash inflow/(outflow) from operating assets and
liabilities
|
1,559
|
3,962
|
(1,870)
|
Net cash inflow from operating activities before taxation
|
2,510
|
5,180
|
1,022
|
Taxation
|
(139)
|
(114)
|
(400)
|
Net cash flows from operating activities
|
2,371
|
5,066
|
622
|
Investing activities
|
|
|
|
Net increase in financial investments available for sale
|
(2,416)
|
(2,420)
|
(3,331)
|
Additions to property, plant and equipment
|
(60)
|
(40)
|
(128)
|
Additions to intangible assets
|
(73)
|
(52)
|
(138)
|
Disposal of property, plant and equipment
|
10
|
57
|
105
|
Investment in associated undertakings
|
(10)
|
(3)
|
-
|
Disposal of investment in associated undertakings
|
5
|
-
|
5
|
Disposal of investment in subsidiaries and businesses
|
114
|
2
|
1
|
Investment in AmCredit
|
(114)
|
-
|
-
|
Dividends received from associated undertakings
|
24
|
27
|
56
|
Cash flows from investing activities
|
(2,520)
|
(2,429)
|
(3,430)
|
Financing activities
|
|
|
|
Re-issue of treasury shares
|
10
|
45
|
49
|
Redemption of subordinated liabilities
|
(200)
|
-
|
-
|
Issue of subordinated liabilities
|
884
|
128
|
128
|
Interest paid on subordinated liabilities
|
(117)
|
(121)
|
(254)
|
Equity dividends paid on ordinary shares
|
(451)
|
(406)
|
(651)
|
Dividends paid on other equity interests
|
(38)
|
(38)
|
(38)
|
Dividends paid to minority interests
|
(18)
|
(34)
|
(82)
|
Cash flows from financing activities
|
70
|
(426)
|
(848)
|
Net (decrease)/increase in cash and cash equivalents
|
(79)
|
2,211
|
(3,656)
|
Analysis of changes in cash
|
|
|
|
At beginning of period
|
10,427
|
14,355
|
14,355
|
Net cash flow before the effect of exchange translation adjustments
|
(79)
|
2,211
|
(3,656)
|
Effect of exchange translation adjustments
|
(154)
|
(39)
|
(272)
|
At end of period
|
10,194
|
16,527
|
10,427
|
|
Half-year
30 June
2008
€ m
|
Half-year
30 June
2007
€ m
|
Year
31 December
2007
€ m
|
Foreign exchange translation differences
|
(154)
|
(24)
|
(290)
|
Net change in cash flow hedges, net of tax
|
(203)
|
(258)
|
(37)
|
Net change in fair value of available for sale securities, net of tax
|
(189)
|
(138)
|
(191)
|
Net actuarial (losses)/gains in retirement benefit schemes, net of tax
|
(285)
|
565
|
393
|
Other recognised gains/(losses) in associated undertakings
|
1
|
(55)
|
(22)
|
Income and expense recognised
|
(830)
|
90
|
(147)
|
Profit for the period
|
1,085
|
1,079
|
2,066
|
Total recognised income and expense for the period
|
255
|
1,169
|
1,919
|
Attributable to:
Equity holders of the parent
Minority interests in subsidiaries
|
193
62
|
1,134
35
|
1,793
126
|
Total recognised income and expense for the period
|
255
|
1,169
|
1,919
|
|
Share
capital
€
m
|
Share
p
remium
€
m
|
Other
e
quity
i
nterests
€
m
|
Capital
r
eserves
€
m
|
Revaluation
r
eserves
€
m
|
Available
for sale
securities
reserves
€
m
|
Cash flow
h
edging
reserves
€
m
|
Revenue
r
eserves
€
m
|
Foreign
c
urrency
t
ranslation
reserves
€
m
|
Treasury
s
hares
€
m
|
Share
b
ased
p
ayments
r
eserves
€
m
|
Total
€
m
|
2008
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2008
|
294
|
1,693
|
497
|
527
|
33
|
(91)
|
(142)
|
7,682
|
(251)
|
(491)
|
76
|
9,827
|
Profit attributable to equity
holders of the parent |
- |
- |
- |
- |
- |
- |
- |
1,040 |
- |
- |
- |
1,040 |
Dividends on ordinary shares
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(451)
|
-
|
-
|
-
|
(451)
|
Dividends on other equity interests
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(38)
|
-
|
-
|
-
|
(38)
|
Share based payments
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
12
|
12
|
Actuarial losses recognised in
retirement benefit schemes |
- |
- |
- |
- |
- |
- |
- |
(285) |
- |
- |
- |
(285) |
Other recognised gains/(losses)
relating to the period |
- |
- |
- |
- |
- |
(179) |
(203) |
1 |
(181) |
- |
- |
(562) |
Ordinary shares re-issued
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
29
|
-
|
29
|
Net movement in own shares
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(17)
|
-
|
-
|
-
|
(17)
|
At 30 June 2008
|
294
|
1,693
|
497
|
527
|
33
|
(270)
|
(345)
|
7,932
|
(432)
|
(462)
|
88
|
9,555
|
2007
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2007
|
294
|
1,693
|
497
|
527
|
35
|
86
|
(105)
|
6,033
|
62
|
(574)
|
57
|
8,605
|
Profit attributable to equity
holders of the parent |
- |
- |
- |
- |
- |
- |
- |
1,041 |
- |
- |
- |
1,041 |
Dividends on ordinary shares
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(406)
|
-
|
-
|
-
|
(406)
|
Dividends on other equity interests
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(38)
|
-
|
-
|
-
|
(38)
|
Share based payments
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
6
|
-
|
-
|
9
|
15
|
Actuarial losses recognised in
retirement benefit schemes |
- |
- |
- |
- |
- |
- |
- |
565
|
- |
- |
- |
565 |
Other recognised losses
relating to the period |
- |
- |
- |
- |
- |
(1
28
)
|
(2
58
)
|
(55)
|
(
3
1)
|
- |
- |
(
47
2)
|
Other movements
|
-
|
-
|
-
|
-
|
(4)
|
-
|
-
|
4
|
-
|
-
|
-
|
-
|
Ordinary shares re-issued
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
78
|
-
|
78
|
Net movement in own shares
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(
2
)
|
-
|
-
|
-
|
(
2
)
|
At 30 June 2007
|
294
|
1,693
|
497
|
527
|
31
|
(42)
|
(363)
|
7,148
|
31
|
(496)
|
66
|
9,386
|
|
Share
capital
€
m
|
Share
p
remium
€
m
|
Other
e
quity
i
nterests
€
m
|
Capital
r
eserves
€
m
|
Revaluation
r
eserves
€
m
|
Available
for sale
securities
reserves
€
m
|
Cash flow
h
edging
reserves
€
m
|
Revenue
r
eserves
€
m
|
Foreign
c
urrency
t
ranslation
reserves
€
m
|
Treasury
s
hares
€
m
|
Share
b
ased
p
ayments
r
eserves
€
m
|
Total
€
m
|
2007
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2007
|
294
|
1,693
|
497
|
527
|
35
|
86
|
(105)
|
6,033
|
62
|
(574)
|
57
|
8,605
|
Profit attributable to equity
holders of the parent |
- |
- |
- |
- |
- |
- |
- |
1,
949
|
- |
- |
- |
1,
949
|
Dividends on ordinary shares
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(
651
)
|
-
|
-
|
-
|
(
651
)
|
Dividends on other equity interests
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(38)
|
-
|
-
|
-
|
(38)
|
Share based payments
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
6
|
-
|
-
|
1
9
|
2
5
|
Actuarial losses recognised in
retirement benefit schemes |
- |
- |
- |
- |
- |
- |
- |
393
|
- |
- |
- |
393
|
Other recognised losses
relating to the period |
- |
- |
- |
- |
- |
(
177
)
|
(
37
)
|
(
22
)
|
(31
3
)
|
- |
- |
(
549
)
|
Other movements
|
-
|
-
|
-
|
-
|
(
2
)
|
-
|
-
|
2
|
-
|
-
|
-
|
-
|
Ordinary shares re-issued
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
83
|
-
|
8
3
|
Net movement in own shares
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
10
|
-
|
-
|
-
|
10
|
At 3
1 December
2007
|
294
|
1,693
|
497
|
527
|
3
3
|
(
91
)
|
(
142
)
|
7,
682
|
(251)
|
(49
1
)
|
7
6
|
9,
827
|
|
Half-year 30 June 200
8
|
|||||
AIB Bank
|
Capital
|
AIB Bank
|
Poland
|
Group
|
Total
|
|
|
ROI
|
Markets
|
UK
|
|
|
|
2
Segmental information
|
€ m
|
€ m
|
€ m
|
€ m
|
€ m
|
€ m
|
Operations by business segments
|
|
|
|
|
|
|
Net interest income
|
870
|
421
|
308
|
206
|
60
|
1,865
|
Other income
|
239
|
101
|
67
|
213
|
(40)
|
580
|
Total operating income
|
1,109
|
522
|
375
|
419
|
20
|
2,445
|
Administrative expenses
|
494
|
201
|
151
|
222
|
62
|
1,130
|
Amortisation
of intangible assets
|
8
|
4
|
-
|
4
|
11
|
27
|
Depreciation of property, plant
|
|
|
|
|
|
|
and equipment
|
16
|
4
|
5
|
11
|
11
|
47
|
Total operating expenses
|
518
|
209
|
156
|
237
|
84
|
1,204
|
Operating profit/(loss) before provisions
|
591
|
313
|
219
|
182
|
(64)
|
1,241
|
Provisions for impairment of loans
|
|
|
|
|
|
|
and receivables
|
89
|
20
|
25
|
3
|
-
|
137
|
Provisions for liabilities and
commitments
|
-
|
(3)
|
-
|
3
|
-
|
-
|
Amounts written off
|
|
|
|
|
|
|
financial investments available for sale
|
-
|
1
|
-
|
-
|
-
|
1
|
Operating profit/(loss)
|
502
|
295
|
194
|
176
|
(64)
|
1,103
|
Associated undertakings
|
(2)
|
-
|
1
|
-
|
58
|
57
|
Profit on disposal of property
|
6
|
-
|
-
|
1
|
-
|
7
|
Construction contract income
|
-
|
-
|
-
|
-
|
6
|
6
|
Profit on disposal of business
|
68
|
-
|
38
|
-
|
-
|
106
|
Profit before taxation -
|
|
|
|
|
|
|
continuing operations
|
574
|
295
|
233
|
177
|
-
|
1,279
|
Other amounts
|
|
|
|
|
|
|
Loans and receivables to customers
|
74,911
|
26,046
|
23,102
|
8,426
|
329
|
132,814
|
Interest in associated undertakings
|
274
|
-
|
1
|
18
|
1,312
|
1,605
|
Total assets
|
81,052
|
58,290
|
24,266
|
12,511
|
6,854
|
182,973
|
Customer accounts
|
41,878
|
20,487
|
14,658
|
9,960
|
-
|
86,983
|
Total liabilities
(1)
|
48,973
|
86,965
|
15,504
|
11,198
|
9,383
|
172,023
|
Total risk weighted assets
(2)
|
60,940
|
40,465
|
24,053
|
10,579
|
2,342
|
138,379
|
Ordinary shareholders' equity
(
1
)
|
3,989
|
2,649
|
1,575
|
692
|
153
|
9,058
|
Capital expenditure
|
41
|
13
|
3
|
24
|
52
|
133
|
Other significant non-cash expenses
(3)
|
2
|
1
|
3
|
2
|
2
|
10
|
|
Half-year 30 June 200
7
|
|||||
AIB Bank
|
Capital
|
AIB Bank
|
Poland
|
Group
|
Total
|
|
|
ROI
|
Markets
|
UK
|
|
|
|
2 Segmental information
(continued)
|
€ m
|
€ m
|
€ m
|
€ m
|
€ m
|
€ m
|
Operations by business segments
|
|
|
|
|
|
|
Net interest income
|
868
|
285
|
339
|
139
|
36
|
1,667
|
Other income
|
238
|
254
|
78
|
192
|
(12)
|
750
|
Total operating income
|
1,106
|
539
|
417
|
331
|
24
|
2,417
|
Administrative expenses
|
505
|
220
|
182
|
165
|
95
|
1,167
|
Amortisation of intangible assets
|
9
|
3
|
-
|
9
|
7
|
28
|
Depreciation of property, plant
|
|
|
|
|
|
|
and equipment
|
17
|
4
|
5
|
8
|
8
|
42
|
Total operating expenses
|
531
|
227
|
187
|
182
|
110
|
1,237
|
Operating profit/(loss) before provisions
|
575
|
312
|
230
|
149
|
(86)
|
1,180
|
Provisions for impairment of loans
|
|
|
|
|
|
|
and receivables
|
46
|
(22)
|
7
|
(6)
|
-
|
25
|
Provisions for liabilities and
commitments
|
2
|
2
|
-
|
-
|
-
|
4
|
Amounts written off
|
|
|
|
|
|
|
financial investments available for sale
|
-
|
1
|
-
|
-
|
-
|
1
|
Operating profit/(loss)
|
527
|
331
|
223
|
155
|
(86)
|
1,150
|
Associated undertakings
|
7
|
-
|
-
|
-
|
74
|
81
|
Profit on disposal of property
|
-
|
-
|
-
|
-
|
41
|
41
|
Construction contract income
|
-
|
-
|
-
|
-
|
44
|
44
|
Profit on disposal of business
|
-
|
2
|
-
|
-
|
-
|
2
|
Profit before taxation -
|
|
|
|
|
|
|
continuing operations
|
534
|
333
|
223
|
155
|
73
|
1,318
|
Other amounts
|
|
|
|
|
|
|
Loans and receivables to customers
|
66,160
|
24,206
|
24,269
|
5,457
|
125
|
120,217
|
Interest in associated undertakings
|
264
|
8
|
-
|
10
|
1,490
|
1,772
|
Total assets
|
72,322
|
61,977
|
27,963
|
8,279
|
6,675
|
177,216
|
Customer accounts
|
40,680
|
16,279
|
15,466
|
6,598
|
-
|
79,023
|
Total liabilities
(1)
|
48,224
|
83,573
|
16,563
|
7,565
|
10,597
|
166,522
|
Total risk weighted assets
(2)
|
58,592
|
42,248
|
24,720
|
6,527
|
3,209
|
135,296
|
Ordinary shareholders' equity
(1)
|
3,849
|
2,776
|
1,624
|
429
|
211
|
8,889
|
Capital expenditure
|
40
|
13
|
4
|
8
|
27
|
92
|
Other significant non-cash expenses
(3)
|
10
|
7
|
4
|
4
|
2
|
27
|
|
Y
ear 3
1
December
200
7
|
|||||
AIB Bank
|
Capital
|
AIB Bank
|
Poland
|
Group
|
Total
|
|
|
ROI
|
Markets
|
UK
|
|
|
|
2 Segmental information
(continued)
|
€ m
|
€ m
|
€ m
|
€ m
|
€ m
|
€ m
|
Operations by business segments
|
|
|
|
|
|
|
Net interest income
|
1,777
|
586
|
685
|
308
|
62
|
3,418
|
Other income
|
490
|
389
|
156
|
371
|
44
|
1,450
|
Total operating income
|
2,267
|
975
|
841
|
679
|
106
|
4,868
|
Administrative expenses
|
1,036
|
446
|
359
|
377
|
158
|
2,376
|
Amortisation of intangible assets
|
16
|
6
|
1
|
18
|
19
|
60
|
Depreciation of property, plant
|
|
|
|
|
|
|
and equipment
|
36
|
8
|
11
|
15
|
15
|
85
|
Total operating expenses
|
1,088
|
460
|
371
|
410
|
192
|
2,521
|
Operating profit/(loss) before provisions
|
1,179
|
515
|
470
|
269
|
(86)
|
2,347
|
Provisions for impairment of loans
|
|
|
|
|
|
|
and receivables
|
104
|
(18)
|
18
|
2
|
-
|
106
|
Provisions for liabilities and
commitments
|
-
|
2
|
-
|
(1)
|
(9)
|
(8)
|
Amounts written off
|
|
|
|
|
|
|
financial investments available for sale
|
-
|
1
|
-
|
-
|
-
|
1
|
Operating profit/(loss)
|
1,075
|
530
|
452
|
268
|
(77)
|
2,248
|
Associated undertakings
|
7
|
-
|
-
|
1
|
120
|
128
|
Profit on disposal of property
|
12
|
-
|
-
|
-
|
64
|
76
|
Construction contract income
|
-
|
-
|
-
|
-
|
55
|
55
|
Profit on disposal of business
|
-
|
2
|
-
|
-
|
(1)
|
1
|
Profit before taxation -
|
|
|
|
|
|
|
continuing operations
|
1,094
|
532
|
452
|
269
|
161
|
2,508
|
Other amounts
|
|
|
|
|
|
|
Loans and receivables to customers
|
71,717
|
25,387
|
23,726
|
6,638
|
135
|
127,603
|
Interest in associated undertakings
|
273
|
4
|
-
|
4
|
1,401
|
1,682
|
Total assets
|
78,241
|
57,753
|
24,946
|
10,106
|
6,816
|
177,862
|
Customer accounts
|
41,933
|
16,715
|
14,460
|
8,200
|
-
|
81,308
|
Total liabilities
(1)
|
48,270
|
84,034
|
15,306
|
9,034
|
10,040
|
166,684
|
Total risk weighted assets
(2)
|
63,771
|
41,188
|
23,880
|
7,582
|
2,965
|
139,386
|
Ordinary shareholders' equity
(1)
|
4,269
|
2,757
|
1,598
|
508
|
198
|
9,330
|
Capital expenditure
|
116
|
28
|
9
|
41
|
72
|
266
|
Other significant non-cash expenses
(3)
|
17
|
10
|
9
|
3
|
4
|
43
|
1 Segmental information
(continued)
|
Half-year 30 June 2008
|
|||||
Republic
of
Ireland
€ m
|
United Kingdom
€ m
|
Poland
€ m
|
United
States of
America
€ m
|
Rest of
the world
€ m
|
Total
€ m
|
|
Operations by geographical segments
(
4
)
|
|
|
|
|
|
|
Net interest income
|
1,217
|
379
|
224
|
29
|
16
|
1,865
|
Other income
|
239
|
62
|
248
|
20
|
11
|
580
|
Total operating income
|
1,456
|
441
|
472
|
49
|
27
|
2,445
|
Administrative expenses
|
696
|
182
|
227
|
13
|
12
|
1,130
|
Amortisation of
intangible assets
|
22
|
1
|
3
|
-
|
1
|
27
|
Depreciation of property, plant
|
|
|
|
|
|
|
and equipment
|
30
|
5
|
12
|
-
|
-
|
47
|
Total operating expenses
|
748
|
188
|
242
|
13
|
13
|
1,204
|
Operating profit before provisions
|
708
|
253
|
230
|
36
|
14
|
1,241
|
Provisions for impairment of loans
|
|
|
|
|
|
|
and receivables
|
86
|
44
|
3
|
4
|
-
|
137
|
Provisions for liabilities and
commitments
|
(3)
|
-
|
3
|
-
|
-
|
-
|
Amounts written off financial
|
|
|
|
|
|
|
investments available for sale
|
1
|
-
|
-
|
-
|
-
|
1
|
Operating profit
|
624
|
209
|
224
|
32
|
14
|
1,103
|
Associated undertakings
|
(2)
|
1
|
-
|
58
|
-
|
57
|
Profit on disposal of property
|
6
|
-
|
1
|
-
|
-
|
7
|
Construction contract income
|
6
|
-
|
-
|
-
|
-
|
6
|
Profit on disposal of businesses
|
106
|
-
|
-
|
-
|
-
|
106
|
Profit before taxation -
|
|
|
|
|
|
|
continuing operations
|
740
|
210
|
225
|
90
|
14
|
1,279
|
Other amounts
|
|
|
|
|
|
|
Loans and receivables to customers
|
89,429
|
30,902
|
8,426
|
2,641
|
1,416
|
132,814
|
Interests in associated undertakings
|
274
|
1
|
18
|
1,312
|
-
|
1,605
|
Total assets
|
127,556
|
34,103
|
14,879
|
4,969
|
1,466
|
182,973
|
Customer accounts
|
51,157
|
21,928
|
9,984
|
3,914
|
-
|
86,983
|
Total liabilities
(
1
)
|
110,450
|
31,628
|
12,717
|
16,769
|
459
|
172,023
|
Total risk weighted assets
(2)
|
93,248
|
26,274
|
11,356
|
5,487
|
2,014
|
138,379
|
Ordinary shareholders' equity
(
1
)
|
6,104
|
1,720
|
743
|
359
|
132
|
9,058
|
Capital expenditure
|
105
|
4
|
24
|
-
|
-
|
133
|
1 Segmental information
(continued)
|
Half-year 30 June 200
7
|
|||||
Republic
of
Ireland
€ m
|
United Kingdom
€ m
|
Poland
€ m
|
United
States of
America
€ m
|
Rest of
the world
€ m
|
Total
€ m
|
|
Operations by geographical segments
(
4
)
|
|
|
|
|
|
|
Net interest income
|
1,037
|
440
|
155
|
27
|
8
|
1,667
|
Other income
|
461
|
38
|
217
|
28
|
6
|
750
|
Total operating income
|
1,498
|
478
|
372
|
55
|
14
|
2,417
|
Administrative expenses
|
752
|
223
|
167
|
19
|
6
|
1,167
|
Amortisation of
intangible assets
|
18
|
-
|
10
|
-
|
-
|
28
|
Depreciation of property, plant
|
|
|
|
|
|
|
and equipment
|
28
|
6
|
8
|
-
|
-
|
42
|
Total operating expenses
|
798
|
229
|
185
|
19
|
6
|
1,237
|
Operating profit before provisions
|
700
|
249
|
187
|
36
|
8
|
1,180
|
Provisions for impairment of loans
|
|
|
|
|
|
|
and receivables
|
47
|
(16)
|
(6)
|
-
|
-
|
25
|
Provisions for liabilities and
commitments
|
6
|
(2)
|
-
|
-
|
-
|
4
|
Amounts written off financial
|
|
|
|
|
|
|
investments available for sale
|
1
|
-
|
-
|
-
|
-
|
1
|
Operating profit
|
646
|
267
|
193
|
36
|
8
|
1,150
|
Associated undertakings
|
7
|
-
|
-
|
74
|
-
|
81
|
Profit on disposal of property
|
41
|
-
|
-
|
-
|
-
|
41
|
Construction contract income
|
44
|
-
|
-
|
-
|
-
|
44
|
Profit on disposal of businesses
|
-
|
2
|
-
|
-
|
-
|
2
|
Profit before taxation -
|
|
|
|
|
|
|
continuing operations
|
738
|
269
|
193
|
110
|
8
|
1,318
|
Other amounts
|
|
|
|
|
|
|
Loans and receivables to customers
|
80,350
|
31,255
|
5,457
|
2,433
|
722
|
120,217
|
Interests in associated undertakings
|
285
|
-
|
10
|
1,477
|
-
|
1,772
|
Total assets
|
124,227
|
37,052
|
9,771
|
5,404
|
762
|
177,216
|
Customer accounts
|
48,331
|
22,736
|
6,612
|
1,344
|
-
|
79,023
|
Total liabilities
(
1
)
|
119,170
|
34,503
|
8,363
|
4,388
|
98
|
166,522
|
Total risk weighted assets
(2)
|
84,881
|
34,110
|
7,680
|
7,835
|
790
|
135,296
|
Ordinary shareholders' equity
(
1
)
|
5,576
|
2,241
|
505
|
515
|
52
|
8,889
|
Capital expenditure
|
77
|
5
|
8
|
-
|
2
|
92
|
1 Segmental information
(continued)
|
Y
ear 3
1
December
200
7
|
|||||
Republic
of
Ireland
€ m
|
United Kingdom
€ m
|
Poland
€ m
|
United
States of
America
€ m
|
Rest of
the world
€ m
|
Total
€ m
|
|
Operations by geographical segments
(
4
)
|
|
|
|
|
|
|
Net interest income
|
2,145
|
857
|
343
|
56
|
17
|
3,418
|
Other income
|
684
|
265
|
446
|
43
|
12
|
1,450
|
Total operating income
|
2,829
|
1,122
|
789
|
99
|
29
|
4,868
|
Administrative expenses
|
1,502
|
439
|
384
|
39
|
12
|
2,376
|
Amortisation of
intangible assets
|
41
|
1
|
18
|
-
|
-
|
60
|
Depreciation of property, plant
|
|
|
|
|
|
|
and equipment
|
58
|
11
|
15
|
1
|
-
|
85
|
Total operating expenses
|
1,601
|
451
|
417
|
40
|
12
|
2,521
|
Operating profit before provisions
|
1,228
|
671
|
372
|
59
|
17
|
2,347
|
Provisions for impairment of loans
|
|
|
|
|
|
|
and receivables
|
107
|
(3)
|
2
|
-
|
-
|
106
|
Provisions for liabilities and
commitments
|
(6)
|
(1)
|
(1)
|
-
|
-
|
(8)
|
Amounts written off financial
|
|
|
|
|
|
|
investments available for sale
|
1
|
-
|
-
|
-
|
-
|
1
|
Operating profit
|
1,126
|
675
|
371
|
59
|
17
|
2,248
|
Associated undertakings
|
7
|
-
|
1
|
120
|
-
|
128
|
Profit on disposal of property
|
76
|
-
|
-
|
-
|
-
|
76
|
Construction contract income
|
55
|
-
|
-
|
-
|
-
|
55
|
Profit on disposal of businesses
|
(1)
|
2
|
-
|
-
|
-
|
1
|
Profit before taxation -
|
|
|
|
|
|
|
continuing operations
|
1,263
|
677
|
372
|
179
|
17
|
2,508
|
Other amounts
|
|
|
|
|
|
|
Loans and receivables to customers
|
85,706
|
31,683
|
6,638
|
2,583
|
993
|
127,603
|
Interests in associated undertakings
|
277
|
-
|
4
|
1,401
|
-
|
1,682
|
Total assets
|
124,265
|
35,337
|
12,152
|
5,056
|
1,052
|
177,862
|
Customer accounts
|
50,024
|
22,146
|
8,224
|
914
|
-
|
81,308
|
Total liabilities
(
1
)
|
111,542
|
35,314
|
10,259
|
9,212
|
357
|
166,684
|
Total risk weighted assets
(2)
|
95,810
|
26,727
|
11,804
|
3,722
|
1,323
|
139,386
|
Ordinary shareholders' equity
(
1
)
|
6,413
|
1,789
|
790
|
249
|
89
|
9,330
|
Capital expenditure
|
210
|
10
|
41
|
1
|
4
|
266
|
|
AIB Bank
ROI
€ m
|
June 2008
|
||||||
Capital
Markets
€ m
|
AIB Bank
UK
€ m
|
Poland
€ m
|
Group
€ m
|
Eliminations
€ m
|
Total
€m
|
|||
External customers
|
2,626
|
1,696
|
856
|
565
|
22
|
-
|
5,765
|
|
Inter-segment revenue
|
1,515
|
1,660
|
584
|
10
|
(12)
|
(3,757)
|
-
|
|
Total gross revenue
|
4,141
|
3,356
|
1,440
|
575
|
10
|
(3,757)
|
5,765
|
December 2007
|
|||||||
External customers
|
4,500
|
3,516
|
2,017
|
869
|
217
|
-
|
11,119
|
Inter-segment revenue
|
2,733
|
3,178
|
913
|
75
|
78
|
(6,977)
|
-
|
Total gross revenue
|
7,233
|
6,694
|
2,930
|
944
|
295
|
(6,977)
|
11,119
|
June 2007
|
|||||||
External customers
|
2,083
|
1,418
|
887
|
405
|
492
|
-
|
5,285
|
Inter-segment revenue
|
1,043
|
1,461
|
390
|
2
|
36
|
(2,932)
|
-
|
Total gross revenue
|
3,126
|
2,879
|
1,277
|
407
|
528
|
(2,932)
|
5,285
|
3 Interest and similar income
|
Half-year
30 June
2008
€ m
|
Half-year
30 June
2007
€ m
|
Year
31 December
2007
€ m
|
Interest on loans and receivables to banks
|
233
|
243
|
518
|
Interest on loans and receivables to customers
Interest on trading portfolio financial assets
Interest on financial investments available for sale
|
4,094
179
498
|
3,449
180
482
|
7,408
393
1,021
|
|
5,004
|
4,354
|
9,340
|
4 Interest expense and similar charges
|
Half-year
30 June
2008
€ m
|
Half-year
30 June
2007
€
m
|
Year
31 December
2007
€
m
|
Interest on deposits by banks
Interest on customer accounts
Interest on debt securities in issue
Interest on subordinated liabilities and other capital
instruments
|
724
1,320
976
119
|
741
1,082
739
125
|
1,585
2,349
1,736
252
|
3,139
|
2,687
|
5,922
|
6 Net fee and commission income
|
Half-year
30 June
2008
€
m
|
Half-year
30 June
2007
€
m
|
Year
31 December 2007
€
m
|
Fee and commission income:
|
|
|
|
Retail banking customer fees
|
351
|
396
|
828
|
Credit related fees
|
62
|
69
|
127
|
Insurance commissions
|
33
|
27
|
56
|
Investment banking and asset management fees
|
130
|
155
|
326
|
Brokerage fees
|
39
|
66
|
116
|
|
615
|
713
|
1,453
|
Fee and commission expense
|
(62)
|
(94)
|
(197)
|
|
533
|
619
|
1,256
|
|
Half-year
|
Half-year
|
Year
|
|
30 June
|
30 June
|
31 December
|
|
2008
|
2007
|
2007
|
7 Net trading (loss)/income
|
€
m
|
€
m
|
€
m
|
Foreign exchange contracts
|
(7)
|
37
|
113
|
Debt securities and interest rate contracts
|
(63)
|
19
|
(69)
|
Equity securities and index contracts
|
(7)
|
19
|
30
|
|
(77)
|
75
|
74
|
|
Half-year
|
Half-year
|
Year
|
|
30 June
|
30 June
|
31 December
|
|
2008
|
2007
|
2007
|
8 Other operating income
|
€
m
|
€
m
|
€
m
|
Profit on disposal of available for sale debt securities
|
19
|
3
|
3
|
Profit on disposal of available for sale equity shares
|
21
|
1
|
49
|
Miscellaneous operating income
|
41
|
30
|
37
|
|
81
|
34
|
89
|
|
Half-year
|
Half-year
|
Year
|
|
30 June
|
30 June
|
31 December
|
|
2008
|
2007
|
2007
|
9 Administrative expenses
|
€
m
|
€
m
|
€
m
|
Personnel expenses
|
|
|
|
Wages & salaries
|
597
|
579
|
1,206
|
Share-based payment schemes
|
4
|
27
|
43
|
Retirement benefits
|
53
|
81
|
158
|
Social security costs
|
74
|
71
|
135
|
Other personnel expenses
|
33
|
41
|
73
|
|
761
|
799
|
1,615
|
General and administrative expenses
|
369
|
368
|
761
|
|
1,130
|
1,167
|
2,376
|
|
Half-year
|
Half-year
|
Year
|
|
30 June
|
30 June
|
31 December
|
|
2008
|
2007
|
2007
|
11 Construction contract income
|
€ m
|
€
m
|
€
m
|
Construction revenue
|
10
|
82
|
101
|
Construction expense
|
(4)
|
(38)
|
(46)
|
6
|
44
|
55
|
|
Half-year
|
Half-year
|
Year
|
|
30 June
|
30 June
|
31 December
|
|
2008
|
2007
|
2007
|
13 Income tax expense
|
€ m
|
€
m
|
€
m
|
Allied Irish Banks, p.l.c. and subsidiaries
|
|
|
|
Corporation tax in
Republic
of
Ireland
|
75
|
92
|
203
|
Current tax on income for the period
|
4
|
(3)
|
(10)
|
Current tax on income for the period
|
79
|
89
|
193
|
Double taxation relief
|
(6)
|
(16)
|
(25)
|
|
73
|
73
|
168
|
Foreign tax
|
|
|
|
Current tax on income for the period
|
81
|
136
|
257
|
Adjustments in respect of prior periods
|
(3)
|
1
|
10
|
|
78
|
137
|
267
|
|
151
|
210
|
435
|
Deferred taxation
|
|
|
|
Origination and reversal of temporary differences
|
46
|
28
|
7
|
Other
|
(3)
|
1
|
-
|
|
43
|
29
|
7
|
Total income tax expense
|
194
|
239
|
442
|
Effective income tax rate
|
15.2%
|
18.1%
|
17.6%
|
|
Half-year
|
Half-year
|
Year
|
|
30 June
|
30 June
|
31 December
|
|
2008
|
2007
|
2007
|
14 Earnings per € 0.32 ordinary share
|
€ m
|
€
m
|
€
m
|
(a) Basic
|
|
|
|
Profit attributable to equity holders of the parent
|
1,040
|
1,041
|
1,949
|
Distributions to other equity holders
|
(38)
|
(38)
|
(38)
|
Profit attributable to ordinary shareholders
|
1,002
|
1,003
|
1,911
|
|
Number of shares (millions)
|
||
Weighted average number of shares in issue during the period
|
878.8
|
874.5
|
876.7
|
Earnings per share - basic
|
EUR 114.0c
|
EUR 114.7c
|
EUR 218.0c
|
|
Half-year
|
Half-year
|
Year
|
|
30 June
|
30 June
|
31 December
|
|
2008
|
2007
|
2007
|
(b) Diluted
|
€ m
|
€ m
|
€ m
|
Profit attributable to ordinary shareholders
(note 14(a))
|
1,002
|
1,003
|
1,911
|
Dilutive impact of potential ordinary shares in subsidiary and
associated companies
|
(1)
|
-
|
(2)
|
Adjusted profit attributable to ordinary shareholders
|
1,001
|
1,003
|
1,909
|
|
Number of shares (millions)
|
||
Weighted average number of shares in issue during the period
|
878.8
|
874.5
|
876.7
|
Dilutive effect of options outstanding
|
1.1
|
6.5
|
5.2
|
Potential weighted average number of shares
|
879.9
|
881.0
|
881.9
|
Earnings per share - diluted
|
EUR 113.8c
|
EUR 113.8c
|
EUR 216.4c
|
|
Profit attributable
|
|
Earnings per share
|
|||||||
|
Half-year
|
Half-year
|
Y
ear
|
|
Half-year
|
Half-year
|
Y
ear
|
|||
|
30 June
|
30 June
|
31 December
|
|
30 June
|
30 June
|
31 December
|
|||
|
2008
|
2007
|
2007
|
|
2008
|
2007
|
2007
|
|||
15 Adjusted earnings per share
|
€ m
|
€
m
|
€
m
|
|
cent
|
cent
|
€
m
|
|||
(a) Basic earnings per share
|
|
|
|
|
|
|
|
|||
As reported
(note 14(a))
|
1,002
|
1,003
|
1,911
|
|
114.0
|
114.7
|
218.0
|
|||
Adjustments:
|
|
|
|
|
|
|
|
|||
Profit on disposal of business
|
(106)
|
-
|
-
|
|
(12.0)
|
-
|
-
|
|||
Construction contract income
|
(5)
|
(38)
|
(48)
|
|
(0.6)
|
(4.3)
|
(5.5)
|
|||
Profit on disposal of property
|
-
|
(35)
|
(58)
|
|
-
|
(4.0)
|
(6.6)
|
|||
Hedge volatility
(1)
|
31
|
21
|
-
|
|
3.5
|
2.4
|
-
|
|||
|
922
|
951
|
1,805
|
|
104.9
|
108.8
|
205.9
|
|
Profit attributable
|
|
Earnings per share
|
||||
|
Half-year
|
Half-year
|
Y
ear
|
|
Half-year
|
Half-year
|
Y
ear
|
|
30 June
|
30 June
|
31 December
|
|
30 June
|
30 June
|
31 December
|
|
2008
|
2007
|
2007
|
|
2008
|
2007
|
2007
|
|
€ m
|
€
m
|
€
m
|
|
cent
|
cent
|
€
m
|
(b)
Diluted
earnings per share
|
|
|
|
|
|
|
|
As reported
(note 14(b))
|
1,001
|
1,003
|
1,909
|
|
113.8
|
113.8
|
216.4
|
Adjustments:
|
|
|
|
|
|
|
|
Profit on disposal of business
|
(106)
|
-
|
-
|
|
(12.0)
|
-
|
-
|
Construction contract income
|
(5)
|
(38)
|
(48)
|
|
(0.6)
|
(4.3)
|
(5.5)
|
Profit on disposal of property
|
-
|
(35)
|
(58)
|
|
-
|
(4.0)
|
(6.5)
|
Hedge volatility
(1)
|
31
|
21
|
-
|
|
3.5
|
2.4
|
-
|
|
921
|
951
|
1,803
|
|
104.7
|
107.9
|
204.4
|
|
30 June
|
31 December
|
30 June
|
|
2008
|
2007
|
2007
|
16 Trading portfolio financial assets
|
€
m
|
€
m
|
€
m
|
Loans and receivables to banks
|
-
|
-
|
2
|
Loans and receivables to customers
|
24
|
27
|
17
|
Debt securities:
|
|
|
|
Government securities
|
67
|
144
|
151
|
Bank eurobonds
|
3,141
|
4,259
|
4,971
|
Collateralised mortgage obligations
|
2,742
|
3,031
|
3,450
|
Other debt securities
|
686
|
661
|
737
|
|
6,636
|
8,095
|
9,309
|
Equity shares
|
77
|
134
|
142
|
|
6,737
|
8,256
|
9,470
|
|
30 June
|
31 December
|
|
2008
|
2007
|
|
€ m
|
€ m
|
AAA/AA
|
4,228
|
5,257
|
A
|
1,660
|
2,088
|
BBB+/BBB/BBB-
|
301
|
353
|
Sub investment
|
314
|
349
|
Unrated
|
157
|
75
|
|
6,660
|
8,122
|
|
|
|
30 June
|
31 December
|
|
|
|
|
|
2008
|
2007
|
Governments
|
Banks
|
Other
|
Total
|
Total
|
|
|
|
|
financial
|
|
|
|
€ m
|
€ m
|
€ m
|
€ m
|
€
m
|
Republic
of
Ireland
|
-
|
23
|
256
|
279
|
295
|
United Kingdom
|
-
|
99
|
538
|
637
|
721
|
United States of America
|
156
|
-
|
-
|
156
|
173
|
Australia
|
7
|
7
|
435
|
449
|
515
|
Spain
|
-
|
43
|
943
|
986
|
1,057
|
Rest of World
|
-
|
-
|
235
|
235
|
270
|
|
163
|
172
|
2,407
|
2,742
|
3,031
|
External ratings profile
|
30 June
|
31 December
|
|
2008
|
2007
|
|
€ m
|
€
m
|
AAA/AA
|
7,301
|
7,856
|
A
|
2,069
|
1,609
|
BBB+/BBB/BBB-
|
6
|
-
|
|
9,376
|
9,465
|
|
30 June
|
31 December
|
30 June
|
|
2008
|
2007
|
2007
|
18 Loans and receivables to customers
|
€ m
|
€
m
|
€
m
|
Loans and receivables to customers
|
128,385
|
123,246
|
115,966
|
Amounts receivable under finance leases and hire purchase
contracts
|
3,631
|
3,418
|
3,397
|
Unquoted securities
|
1,634
|
1,681
|
1,565
|
Provisions for impairment of loans and receivables
(note 19)
|
(836)
|
(742)
|
(711)
|
|
132,814
|
127,603
|
120,217
|
|
Funded
|
30 June 2008
|
|
31 December 2007
|
|
Unfunded
|
|
F
unded
|
Unf
unded
|
||
|
€ m
|
€ m
|
|
€
m
|
€
m
|
United Kingdom
|
678
|
89
|
|
646
|
102
|
Rest of
Europe
|
1,452
|
225
|
|
1,260
|
256
|
North America
|
2,860
|
503
|
|
2,725
|
575
|
Rest of world
|
378
|
70
|
|
184
|
39
|
|
5,368
|
887
|
|
4,815
|
972
|
|
30 June
|
31 December
|
|
|
2008
|
2007
|
|
|
€
m
|
€
m
|
|
Agriculture
|
53
|
36
|
|
Property & Construction
|
91
|
91
|
|
Distribution
|
869
|
853
|
|
Energy
|
89
|
69
|
|
Financial
|
193
|
138
|
|
Manufacturing
|
2,073
|
1,880
|
|
Transport
|
166
|
139
|
|
Other services
|
1,834
|
1,609
|
|
|
5,368
|
4,815
|
|
30 June
|
31 December
|
30 June
|
|
|
2008
|
2007
|
2007
|
|
19 Provisions for impairment of loans and receivables
|
€ m
|
€ m
|
€ m
|
|
At beginning of period
|
744
|
707
|
707
|
|
Exchange translation adjustments
|
(3)
|
(8)
|
(1)
|
|
Charge against income statement
|
137
|
106
|
25
|
|
Amounts written off
|
(59)
|
(74)
|
(25)
|
|
Acquisition of AmCredit
|
15
|
-
|
-
|
|
Recoveries of amounts written off in previous years
|
4
|
13
|
7
|
|
At end of period
|
838
|
744
|
713
|
|
At end of period
|
|
|
|
|
Specific
|
598
|
526
|
497
|
|
IBNR
|
240
|
218
|
216
|
|
|
838
|
744
|
713
|
|
Amounts include:
|
|
|
|
|
Loans and receivables to banks
|
2
|
2
|
2
|
|
Loans and receivables to customers
(note 18)
|
836
|
742
|
711
|
|
|
838
|
744
|
713
|
30 June
|
31 December
|
30 June
|
|
2008
|
2007
|
2007
|
|
€ m
|
€ m
|
€ m
|
|
Impaired loans
(1)
|
|
|
|
Republic
of
Ireland
|
812
|
531
|
403
|
United Kingdom
|
422
|
331
|
273
|
Poland
|
206
|
187
|
219
|
|
1,440
|
1,049
|
895
|
Republic
of
Ireland
|
85
|
48
|
177
|
United Kingdom
|
64
|
46
|
39
|
Poland
|
1
|
13
|
-
|
150
|
107
|
216
|
|
30 June
|
31 December
|
30 June
|
|
2008
|
2007
|
2007
|
21 Financial investments available for sale
|
€ m
|
€ m
|
€ m
|
Debt securities:
|
|
|
|
Government securities
|
7,356
|
7,638
|
6,968
|
Collateralised mortgage obligations
|
2,147
|
2,161
|
2,253
|
Other asset backed securities
|
1,299
|
1,284
|
1,138
|
Bank securities
|
10,033
|
8,659
|
8,822
|
Certificates of deposit
|
946
|
331
|
2,138
|
Other investments
|
690
|
570
|
582
|
|
22,471
|
20,643
|
21,901
|
Equity shares
|
363
|
326
|
332
|
|
22,834
|
20,969
|
22,233
|
External ratings profile of available for sale debt
securities
|
30 June
|
31 December
|
|
2008
|
2007
|
|
€ m
|
€ m
|
AAA/AA
|
15,822
|
14,847
|
A
|
5,791
|
5,273
|
BBB+/BBB/BBB-
|
351
|
282
|
Sub investment
|
194
|
168
|
Unrated
|
313
|
73
|
|
22,471
|
20,643
|
|
|
|
30 June
|
31 December
|
|
|
|
2008
|
2007
|
|
Governments
|
Other
|
Total
|
Total
|
|
€ m
|
€ m
|
€ m
|
€
m
|
United Kingdom
|
-
|
120
|
120
|
59
|
United States of America
|
1,986
|
41
|
2,027
|
2,102
|
1,986
|
161
|
2,147
|
2,161
|
|
|
|
|
30 June
|
31 December
|
|
Banks
|
|
|
2008
|
2007
|
Building
|
Other
|
Total
|
Total
|
||
|
|
societies
|
financial
|
|
|
|
€ m
|
€ m
|
€ m
|
€ m
|
€
m
|
Republic
of
Ireland
|
-
|
-
|
70
|
70
|
77
|
United Kingdom
|
-
|
-
|
199
|
199
|
136
|
Australia
|
5
|
20
|
295
|
320
|
369
|
Italy
|
-
|
-
|
139
|
139
|
128
|
Spain
|
-
|
-
|
472
|
472
|
493
|
Rest of World
|
-
|
-
|
99
|
99
|
81
|
|
5
|
20
|
1,274
|
1,299
|
1,284
|
|
30 June
|
31 December
|
30 June
|
|
2008
|
2007
|
2007
|
22 Customer accounts
|
€ m
|
€ m
|
€ m
|
|
|
|
|
Current accounts
|
26,071
|
25,136
|
26,611
|
Demand deposits
|
8,627
|
9,101
|
9,843
|
Time deposits
|
39,411
|
37,978
|
33,536
|
|
74,109
|
72,215
|
69,990
|
Securities sold under agreements to repurchase
|
1
|
1
|
1
|
Other short-term borrowings
|
12,873
|
9,092
|
9,032
|
|
12,874
|
9,093
|
9,033
|
|
86,983
|
81,308
|
79,023
|
|
30 June
|
31 December
|
30 June
|
|
2008
|
2007
|
2007
|
2
3
Debt securities in issue
|
€ m
|
€ m
|
€ m
|
Bonds and medium term notes:
|
|
|
|
European medium term note programme
|
12,181
|
12,553
|
15,055
|
Bonds and other medium term notes
|
7,247
|
7,259
|
7,135
|
|
19,428
|
19,812
|
22
,
140
|
Other debt securities in issue:
|
|
|
|
Commercial paper
|
7,
1
23
|
2,987
|
2,129
|
Commercial certificates of deposit
|
1
6
,
778
|
1
9,0
67
|
10
,
912
|
|
2
3
,
901
|
22
,0
54
|
13
,0
41
|
|
43
,
329
|
4
1,
866
|
35
,
181
|
|
Contract amount
|
||
|
30 June
|
31 December
|
30 June
|
|
2008
|
2007
|
2007
|
24 Memorandum items: contingent liabilities and
commitments
|
€ m
|
€ m
|
€ m
|
Contingent liabilities:
|
|
|
|
Guarantees and assets pledged as collateral security:
|
|
|
|
Guarantees and irrevocable letters of credit
|
5,839
|
5,628
|
6,008
|
Other contingent liabilities
|
1,492
|
1,393
|
1,267
|
|
7,331
|
7,021
|
7,275
|
Commitments:
|
|
|
|
Other commitments
|
23,850
|
23,715
|
24,190
|
|
31,181
|
30,736
|
31,465
|
|
30 June 2008
|
|
31 December 2007
|
||||
|
Notional
|
Fair values
|
|
Notional
|
Fair values
|
||
|
amount
€ m
|
Assets
€ m
|
Liabilities
€ m
|
|
amount
€ m
|
Assets
€ m
|
Liabilities
€ m
|
Interest rate contracts
|
278,932
|
3,620
|
(3,614)
|
|
233,463
|
3,788
|
(3,289)
|
Exchange rate contracts
|
30,097
|
411
|
(586)
|
|
28,977
|
381
|
(426)
|
Equity contracts
|
3,853
|
216
|
(211)
|
|
6,955
|
387
|
(387)
|
Credit derivatives
|
750
|
1
|
(50)
|
|
1,117
|
1
|
(40)
|
Total
|
313,632
|
4,248
|
(4,461)
|
|
270,512
|
4,557
|
(4,142)
|
|
Half-year ended 30 June 2008
|
|
Year ended 31 December 2007
|
|||||
|
Average
|
Interest
|
Average
|
|
Average
|
Interest
|
Average
|
|
|
balance
|
|
rate
|
|
balance
|
|
rate
|
|
Assets
|
€ m
|
€ m
|
%
|
|
€ m
|
€ m
|
%
|
|
Loans and receivables to banks
|
|
|
|
|
|
|
|
|
Domestic offices
|
9,512
|
185
|
3.9
|
|
9,276
|
422
|
4.5
|
|
Foreign offices
|
2,222
|
48
|
4.3
|
|
1,712
|
96
|
5.6
|
|
Loans and receivables to customers
|
|
|
|
|
|
|
|
|
Domestic offices
|
87,915
|
2,611
|
6.0
|
|
78,806
|
4,671
|
5.9
|
|
Foreign offices
|
42,156
|
1,501
|
7.2
|
|
39,840
|
2,860
|
7.2
|
|
Trading portfolio financial assets
|
|
|
|
|
|
|
|
|
Domestic offices
|
6,233
|
169
|
5.5
|
|
7,848
|
372
|
4.7
|
|
Foreign offices
|
771
|
10
|
2.6
|
|
1,005
|
21
|
2.1
|
|
Financial investments available for sale
|
|
|
|
|
|
|
|
|
Domestic offices
|
16,680
|
384
|
4.6
|
|
16,302
|
774
|
4.7
|
|
Foreign offices
|
4,371
|
114
|
5.2
|
|
4,781
|
247
|
5.2
|
|
Total interest earning assets
|
|
|
|
|
|
|
|
|
Domestic offices
|
120,340
|
3,349
|
5.6
|
|
112,232
|
6,239
|
5.6
|
|
Foreign offices
|
49,520
|
1,673
|
6.8
|
|
47,338
|
3,224
|
6.8
|
|
Net interest on swaps
|
|
3
|
|
|
|
(106)
|
|
|
Total average interest earning assets
|
169,860
|
5,025
|
5.9
|
|
159,570
|
9,357
|
5.9
|
|
Non-interest earning assets
|
11,549
|
|
|
|
10,531
|
|
|
|
Total average assets
|
181,409
|
5,025
|
5.6
|
|
170,101
|
9,357
|
5.5
|
|
Percentage of assets applicable to
Foreign activities
|
|
|
29.8
|
|
|
|
30.4
|
|
Half-year ended 30 June 2008
|
|
Year ended 31 December 2007
|
||||||
|
Average
|
Interest
|
Average
|
|
Average
|
Interest
|
Average
|
|
|
|
Balance
|
|
Rate
|
|
Balance
|
|
Rate
|
|
|
Liabilities and shareholders’ equity
|
€ m
|
€ m
|
%
|
|
€ m
|
€ m
|
%
|
|
|
Due to banks
|
|
|
|
|
|
|
|
|
|
Domestic offices
|
29,517
|
650
|
4.4
|
|
31,080
|
1,448
|
4.7
|
|
|
Foreign offices
|
3,052
|
74
|
4.9
|
|
2,682
|
137
|
5.1
|
|
|
Due to customers
|
|
|
|
|
|
|
|
|
|
Domestic offices
|
43,294
|
698
|
3.2
|
|
38,401
|
1,167
|
3.0
|
|
|
Foreign offices
|
29,555
|
643
|
4.4
|
|
27,060
|
1,199
|
4.4
|
|
|
Other debt issued
|
|
|
|
|
|
|
|
|
|
Domestic offices
|
25,343
|
575
|
4.6
|
|
24,161
|
1,069
|
4.4
|
|
|
Foreign offices
|
17,698
|
401
|
4.6
|
|
12,063
|
667
|
5.5
|
|
|
Subordinated liabilities
|
|
|
|
|
|
|
|
|
|
Domestic offices
|
3,667
|
92
|
5.1
|
|
3,772
|
195
|
5.2
|
|
|
Foreign offices
|
954
|
27
|
5.7
|
|
1,009
|
57
|
5.6
|
|
|
Total interest earning liabilities
|
|
|
|
|
|
|
|
|
|
Domestic offices
|
101,821
|
2,015
|
4.0
|
|
97,414
|
3,879
|
4.0
|
|
|
Foreign offices
|
51,259
|
1,145
|
4.5
|
|
42,814
|
2,060
|
4.8
|
|
|
Total average interest earning liabilities
|
153,080
|
3,160
|
4.2
|
|
140,228
|
5,939
|
4.2
|
|
|
Non interest earning liabilities
|
19,139
|
|
|
|
21,117
|
|
|
|
|
Total liabilities
|
172,219
|
3,160
|
3.7
|
|
161,345
|
5,939
|
3.7
|
|
|
Ordinary shareholders’ equity
|
9,190
|
|
|
|
8,756
|
|
|
|
|
Total average liabilities and
shareholders’ equity
|
181,409
|
3,160
|
3.5
|
|
170,101
|
5,939
|
3.5
|
|
|
Percentage of liabilities applicable to
Foreign activities
|
|
|
33.8
|
|
|
|
31.5
|
|
Half-year
|
Half-year
|
Year
|
|
30 June
|
30 June
|
31 December
|
|
2008
|
2007
|
2007
|
|
Operating ratios
|
|
|
|
Operating expenses/operating income
|
49.2%
|
51.2%
|
51.8%
|
Other income/operating income
|
23.7%
|
31.0%
|
29.8%
|
Net interest margin:
|
|
|
|
Group
|
2.21%
|
2.20%
|
2.14%
|
Domestic
|
2.23%
|
2.02%
|
2.10%
|
Foreign
|
2.15%
|
2.61%
|
2.46%
|
Rates of exchange
|
|
|
|
£/US $
|
|
|
|
Closing
|
1.5764
|
1.3505
|
1.4721
|
Average
|
1.5340
|
1.3317
|
1.3749
|
£/Stg
|
|
|
|
Closing
|
0.7923
|
0.6740
|
0.7334
|
Average
|
0.7729
|
0.6750
|
0.6861
|
£/PLN
|
|
|
|
Closing
|
3.3513
|
3.7677
|
3.5935
|
Average
|
3.4926
|
3.8439
|
3.7792
|
|
Basel
II
|
Basel
II
|
Basel
I
|
Basel
I
|
||
|
30 June
|
31 December
|
31 December
|
30 June
|
||
|
2008
|
2007
|
2007
|
2007
|
||
Capital adequacy information
|
€ m
|
€ m
|
€ m
|
€ m
|
||
Tier 1
|
|
|
|
|
||
Paid up ordinary share capital
|
294
|
294
|
294
|
294
|
||
Eligible reserves
|
9,108
|
8,566
|
8,566
|
8,350
|
||
Equity minority interests in subsidiaries
|
405
|
361
|
361
|
318
|
||
Supervisory deductions from Core tier 1 capital
|
(1,203)
|
(1,176)
|
(1,176)
|
(1,210)
|
||
Core tier 1 capital
|
8,604
|
8,045
|
8,045
|
7,752
|
||
Non-equity minority interests in subsidiaries
|
990
|
990
|
990
|
990
|
||
Non-cumulative preference shares
|
-
|
169
|
169
|
184
|
||
Non-cumulative perpetual preferred securities
|
938
|
972
|
972
|
1,014
|
||
Reserve capital instruments
|
497
|
497
|
497
|
497
|
||
Supervisory deductions from tier 1 capital
|
(305)
|
(286)
|
(182)
|
(173)
|
||
Total tier 1 capital
|
10,724
|
10,387
|
10,491
|
10,264
|
||
Tier 2
|
|
|
|
|
||
Fixed asset revaluation reserves
|
246
|
212
|
107
|
107
|
||
IBNR provisions
|
110
|
101
|
218
|
216
|
||
Subordinated perpetual loan capital
|
568
|
813
|
813
|
867
|
||
Subordinated term loan capital
|
3,427
|
2,651
|
2,651
|
2,776
|
||
Supervisory deductions from tier 2 capital
|
(305)
|
(286)
|
-
|
-
|
||
Total tier 2 capital
|
4,046
|
3,491
|
3,789
|
3,966
|
||
Gross capital
|
14,770
|
13,878
|
14,280
|
14,230
|
||
Supervisory deductions
|
(138)
|
(143)
|
(182)
|
(173)
|
||
Total capital
|
14,632
|
13,735
|
14,098
|
14,057
|
||
Risk weighted assets
|
|
|
|
|
||
Banking book:
|
|
|
|
|
||
On balance sheet
|
|
|
120,033
|
115,061
|
||
Off balance sheet
|
|
|
12,408
|
12,451
|
||
|
|
|
132,441
|
127,512
|
||
Trading book:
|
|
|
|
|
||
Market risks
|
|
|
6,193
|
7,098
|
||
Counterparty and settlement risks
|
|
|
752
|
686
|
||
|
|
|
6,945
|
7,784
|
||
Credit risk
|
125,634
|
121,785
|
|
|
||
Market risk
|
5,593
|
5,796
|
|
|
||
Operational risk
|
7,152
|
6,510
|
|
|
||
Total risk weighted assets
|
138,379
|
134,091
|
139,386
|
135,296
|
||
Capital ratios
|
|
|
|
|
||
Tier 1
|
7.7%
|
7.7%
|
7.5%
|
7.6%
|
||
Total
|
10.6%
|
10.2%
|
10.1%
|
10.4%
|
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
ALLIED IRISH BANKS, p.l.c.
(Registrant)
Date 06 August 2008
By: ___________________
John O'Donnell
Group Director, Finance,
Risk
and Enterprise Technology
Allied Irish Banks, p.l.c.