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Aug 6 2019, 07:15 IST/BST
AIB has sharply re-rated post interim results on concerns over non-performing loan (NPL) delivery, costs and surplus capital. While lower, surplus capital is not gone and its return should begin next year; costs pressure is partly impacted by timing; and we remain confident that the c.5% NPL milestone will be achieved by year-end. The key catalysts over the next six months will be the delivery on a large NPL sale and the refresh of financial targets next March.
Aug 6 2019, 07:15 IST/BST