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Thu 07 Jul 2008AIB profits fall as concern over bad debts increases
SHARES IN AIB, the State's biggest bank, rose 6.8 per cent after it reported better-than-expected pretax profits of €1.28 billion for the half-year to the end of June - a decline of 3 per cent from €1.32 billion for same period last year.
The bank said adjusted earnings per share (EPS) fell 4 per cent to 104.9 cent, but it would still be raising its interim dividend by 10 per cent to 30.6 cent in a sign of confidence to the market.
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