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AIB Suffers 1.1bn Euro Loss, Warns on Loans

11:20 AM ET Fri, 27 July 2012

David Duffy, CIO of AIB Group, told CNBC, "I think we would characterise these results as in line with expectations and the trend is particularly important, our overall ambition is to return to sustainable profitability by 2014 and we needed to see this trend to lend credibility to that ambition."