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Allied Irish Banks – and the bad debt charge for 2008 is…

137 bps of average loans. Earnings per share for that year are now expected to be around Eur 66c.

To put those figures into context:

In our Interim Management Statement (IMS) of 5th November 2008 we said that our 2008 earnings per share target was around Eur 120c. We also said that we expected to incur a bad debt charge of c.75 basis points (bps) of average loans in 2008.

For the full statement click here.

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