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| | What's Allied Irish up to? |
 | | AIB Group is a diversified financial services firm, whose businesses include commercial and investment banking, trust, life insurance, credit cards, auto finance, and stockbroking. |
 | | Even after the acquisition, Mulcahy says AIB is overcapitalized, particularly in the U.S. In September, AIB bought back 5.6 million of the 50 million shares that shareholders have licensed the bank to buy back, i.e., up to 6.7% of its outstanding stock. |
 | | AIB's mortgage business has grown at least 18% in each of the past three years, but mindful of the absence of mortgage securitization, AIB keeps these long-term loans a manageably small element of total lending (18%). |
| www.banking.com /aba/aib_1197.asp (2046 words) |
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