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Oct 29 2021, 07:20 IST/BST
Bank of Ireland
Positive Q3 on better income and capital
- Sectors : Banks
- Companies : Bank of Ireland
DAVY VIEW
Total income is modestly ahead of expectations, with pre-provision now significantly ahead of 2019 levels. Together with the benign asset quality environment, FL CET 1 is running materially above expectations, leaving Bank of Ireland (BOI) well placed with material acquisition-related investment to come in 2022. We are likely to modestly upgrade our 2021 forecasts following today’s release, leaving our 2022/23 forecasts broadly unchanged.
