Bank of Ireland

New CEO provides experience and continuity

  • Sectors : Banks
  • Companies : Bank of Ireland

Ratings and price correct at time of issue.

  • Bank of Ireland

    Closing Price: 727c

  • RATING 11/03/13

  • PREVIOUS RATING 14/08/12

    NEUTRAL

DAVY VIEW

The appointment of Myles O’Grady as Group CEO and Executive Director has been well flagged in the media over recent months. O’Grady played an integral role in Bank of Ireland’s (BOI) current strategy and should therefore provide continuity as the next phase is further developed to incorporate the next number of years. We forecast that BOI will achieve sustainable earnings and returns in the coming years, with a revised distribution policy one of the final pieces of the jigsaw from here.

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Nov 14 2022, 08:00 GMT

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