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BRIEF-Allied Irish net interest margin improves in Q1
May 24, 2016 / 6:16 AM / 2 years ago

BRIEF-Allied Irish net interest margin improves in Q1

May 24 (Reuters) - Allied Irish Banks Plc

* Net interest margin 2.09% from 2.02% in q4 2015; upward trajectory expected to continue in 2016

* Fully loaded CORE TIER 1 ratio 13.1 percent versus 13.0 percent at end-december

* Impaired loans further reduced by 1 billion since December 2015 to 12 billion

* Trading income has been negatively impacted by heightened market volatility from macro events and Brexit fears

* Irish mortgage arrears declined by 4% in q1; new lending drawdowns increased by 17%

* Net provision writebacks of 109 million in q1 2016

* Market constraints are expected to curtail growth in the overall mortgage market in 2016 Further company coverage: (Reporting By Conor Humphries)

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