Bank of Ireland

H1 2023: strong start with FY 2023 upgrade

  • Sectors : Banks
  • Companies : Bank of Ireland

Ratings and price correct at time of issue.

  • Bank of Ireland

    Closing Price: 930c

  • RATING 11/03/13

  • PREVIOUS RATING 14/08/12



This is a strong H1 2023 with an earnings beat, good momentum evident in Ireland and a strong capital position. The stronger performance results in a ROTE of 18.5%, well above the medium- term target, and a FY 2023 guidance upgrade (c.10% to consensus). This will further support material distribution increases with FY 2023. Focus on the conference call will likely remain on the net interest income outlook for 2024-2025, distributions and the UK business.

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Jul 31 2023, 07:10 IST/BST