ALLIED Irish Banks chief executive Mr Tom Mulcahy has made a profit of £192,000 after exercising options over 75,000 shares and then selling them into the market.

Mr Mulcahy bought the 75,000 shares at an option price of 234p each at a total cost of £175,500 and then sold them into the market at 490p each to realise £367,500. The net gain on the deals was £192,000.