AIB's mortgage market share increased in Q1 2024, contributing to Ireland's top two banks holding over 75% market share.

AIB's mortgage market share increased in the first quarter of 2024, leading to the top two banks in Ireland holding a combined market share of over 75%. AIB's total income in Q1 rose by 18%, driven by higher interest rates, increased loan volumes, and slower deposit migration. The bank's full-year guidance includes a net interest income of approximately €3.65bn, assuming a 2.75% ECB deposit rate at the end of the year.