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Oct 30 2019, 07:15 GMT
Bank of Ireland
Lending up, costs down and robust capital
- Sectors : Banks
- Companies : Bank of Ireland
DAVY VIEW
Bank of Ireland’s (BOI) Q3 IMS demonstrates ongoing progress against its 2021 strategic targets, with continuing loan growth and cost reduction evident in the quarter and year-to-date (ytd). Capital growth positions BOI well for the upcoming known regulatory headwinds. Following today’s update, we make modest adjustments to FY 2019 forecasts (PAT -1%) and attention will now turn to FY results where an update will be provided on additional measures designed to improve ROTE.
