Allied Irish Banks posts gain in profits

November 12, 1992|By Dow Jones News Service

LONDON -- Allied Irish Banks PLC said yesterday that its pretax profit rose 8.9 percent in the six months that ended Sept. 30. The company said it was helped by a jump in profits at its U.S. subsidiary, First Maryland Corp. in Baltimore, and its charge for bad loans was reduced by 10 percent. Allied Irish said net income rose 7.7 percent for the period, to 556.1 million punts, or about $334 million.

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