DUBLIN (Reuters) - It will likely be 2015 before Allied Irish Banks (I:ALBK) (AIB) is able to grow its net loan book as repayments continue to outweigh an increase in drawdowns, chief executive David Duffy said on Wednesday.
State-owned AIB returned to profit in the first half of the year as bad debts fell sharply and it said the key challenge it faced was growing a still shrinking net loan book.
"What we're looking at is probably somewhere in 2015, but it would depend on that macro environment," Duffy told a news conference.
(Reporting by Padraic Halpin; Editing by Elaine Hardcastle)