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May 14 2021, 07:00 IST/BST
AIB Group
Post Q1 forecast update
DAVY VIEW
Following Q1, we broadly leave our forecasts unchanged with some modest increases to capital. In 2021, upside relates to lower impairments. The longer-term picture is clear, with upside from the Ulster Bank Ireland commercial portfolio acquisition and higher new business activity. Capital remains materially above appropriate levels, setting AIB up for outsized returns in the coming years.
