Bank of Ireland

Challenging income outlook to increase focus on further efficiencies

  • Sectors : Banks
  • Companies : Bank of Ireland

Ratings and price correct at time of issue.

  • Bank of Ireland

    Closing Price: 375c

  • RATING 11/03/13

  • PREVIOUS RATING 14/08/12

    NEUTRAL

DAVY VIEW

Against a challenging macro backdrop, Bank of Ireland (BOI) continues to progress with its strategic plan, delivering notable achievements on cost and non-performing exposure (NPE) reductions and lending growth. We await further clarity on additional initiatives to achieve its 2021 ROTE targets – additional cost measures and balance sheet initiatives will likely form key components. As these become apparent, some of the downward pressure from our earnings revisions may be offset.

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Aug 6 2019, 07:10 IST/BST

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