The second quarter was marked by a massive provision frontloading effort. On the positive side, management now expects a better-than-previously guided top-line resilience. It remains that the group will post a loss this year with limited visibility on the recovery potential next year.
05 Aug 2020
Massive provisioning effort, upgraded top-line guidance
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Massive provisioning effort, upgraded top-line guidance
Bank of Ireland Group Plc (BIRG:LON) | 989 192.9 2.0% | Mkt Cap: 10,292m
- Published:
05 Aug 2020 -
Author:
David Grinsztajn -
Pages:
2
The second quarter was marked by a massive provision frontloading effort. On the positive side, management now expects a better-than-previously guided top-line resilience. It remains that the group will post a loss this year with limited visibility on the recovery potential next year.