No2 Irish bank profitable for 1st time since 2008

Published



DUBLIN (AP) — Ireland’s second-largest bank, Allied Irish Banks, has returned to profit for the first time since a 2008 property crash pushed the nation to the brink of bankruptcy.

Finance Minister Michael Noonan said Wednesday’s first-half results exceeded expectations and made it more likely that the government could sell its stake in the nationalized bank at a profit.

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