2023 Annual Financial Results
AIB Group plc 2023 Annual Financial Results Webcast
Annual Financial Results 2023
AIB delivered an exceptionally strong financial performance in 2023 with profit after tax of €2 billion, a RoTE significantly ahead of target and proposed distributions of €1.7 billion. 2023 was a landmark year for AIB as we concluded our 2021-2023 strategic cycle by enhancing the suite of products and services we provide to our record customer base of 3.3 million as well as transforming the business throughout a period of extraordinary change both globally and domestically.
2023 Annual Results at a Glance
Chair's Statement
“We enter the next strategic cycle in arguably the strongest position in the Group’s history, with our largest ever customer base and an enhanced suite of products and services to offer these customers.”
Jim Pettigrew
Chair
Chief Executive's Review
"In the period under review, the Group returned to majority private ownership and our profitability and return on capital was boosted by the strong performance of our business, continued economic growth, and a return to a more normal monetary policy environment.”
Our Strategy
A New Strategic Cycle
2024 marks the beginning of a new three-year strategic cycle for AIB Group. Our purpose is empowering people to build a sustainable future, and over the next three years, we will develop deeper more enduring relationships with our customers, by better serving their financial needs.
Our 2023 Detailed Sustainability Report, Strategy & Progress
Progressing our sustainability agenda is a strategic priority for AIB and is a core tenet of our corporate strategy.
We continue to play our part to ensure a greener tomorrow by backing those building it today. We have made ambitious commitments to play a central role in supporting our customers, colleagues and many other stakeholders on this journey. Open disclosure and accountability promote trust and confidence among stakeholders, and so we are committed to building our corporate sustainability disclosures year on year.
To read our 2023 Detailed Sustainability Report, click here.
To read more about Our Approach to Sustainability, click here.
To read our Task Force on Climate-related Financial Disclosures, Non-Financial Reporting Directive and EU Taxonomy in the Annual Financial Report 2023, click here.
2023 Half-Yearly Financial Results
AIB Group plc 2023 Half-Yearly Results Webcast
2023 Half-Yearly Financial Results
As we enter the final stages of our three-year transformation strategy, AIB Group has delivered a strong financial and operational performance with after-tax profits of €845m in the first half of the year. Gross loans rose to €62.8 billion driven by a combination of acquired new loans and new lending of €5.6 billion. Underpinned by our long-standing commitment to Sustainability and to the communities in which we serve, AIB is well-placed to support our 3.2 million customers and the wider Irish economy. 2023 is expected to be a very strong year and with a transformed Group, we are now planning for the next strategic cycle. Our focus remains on supporting our customers creating shareholder value and sustainable returns.