AIB reported profit of £237m in 1990

Allied Irish Banks reported profits of £237 million in the year to March 31st, 1990. The chairman of the board at the time was Mr Peter Sutherland. The deputy chairman and group chief executive was Mr Gerard B Scanlan.

In a statement issued last April, Mr Anthony Spollen, the head of group internal audit at AIB from 1986 to 1991, said the bank placed a heavy emphasis on controls and internal audits.

"In my time as head of group internal audit, my reports and recommendations were always acted on by the group chief executive, Mr Jerry Scanlan, and the chairman of the audit committee, Mr Jim Culliton. The chairman, Mr Peter Sutherland, and the board were always informed of problem areas."

Apart from Mr Sutherland, Mr Scanlan, and Mr Culliton, the other members of the board were: Mr Maurice Abrahamson; Mr Tom Cavanagh; Mr Liam St J Devlin; Mr Patrick M Dowling; Mr Dermot Egan; Mr Padraic M Fullon: Sir Peter Froggatt; Mr John F Keogh; Mr John B McGuckian; Mr Raymond J McLoughlin; Mr Diarmuid Moore; Sir Douglas Morpeth; Mr Denis J Murphy; Ms Miriam Hederman O'Brien; Mr Michael J O'Keeffe; and Mr Seamus J Sheehy.

In 1991, the bank reported profits of £178 million. During the year two directors resigned: Mr Liam St J Devlin and Mr Maurice Abrahamson. Three new directors were appointed: Mr Kevin Kelly, Mr Thomas P Mulcahy and Mr Brian V Wilson.