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Mar 8 2023, 07:10 GMT
AIB Group
FY 2022 ahead; meaningful upside to 2023 expectations
DAVY VIEW
AIB has reported FY 2022 results well ahead of forecasts on higher income and stronger capital. Higher rates also underpin 2023 guidance, which points to significant upside to Davy and consensus expectations and indicates that Return on CET1 should comfortably exceed AIB’s 2024 target of >13% in 2023. AIB refreshed medium-term targets last December; the current backdrop is supportive of higher outcomes and, in turn, higher distributions and should continue to support the investment case.
