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May 2 2025, 07:10 IST/BST
Bank of Ireland
Q1 IMS – in line; guidance reiterated
- Sectors : Banks
- Companies : Bank of Ireland
DAVY VIEW
The Q1 update from Bank of Ireland (BIRG) is in line with expectations, with guidance for 2025 reiterated. Our 2025 forecasts will remain broadly intact, with some modest downside likely to 2026 net interest income (NII) on lower interest rates. Nonetheless, with strong levels of capital, growth in core franchises and attractive return on tangible equity (RoTE) and capital generation, BIRG is well placed and not incorporated into current valuation levels.
