As competitors continued to withdraw, the net interest margin jumped to unprecedented levels and is expected to expand further in 2023. This is not justified by asset quality deterioration or cost inflation, but only by the willingness to provide shareholders with a comfortable 15% RoTE as soon as this year.

07 Mar 2023
Skyrocketing net interest margin

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Skyrocketing net interest margin
Bank of Ireland Group Plc (BIRG:DUB) | 0 0 (-1.3%) | Mkt Cap: 1,983m
- Published:
07 Mar 2023 -
Author:
David Grinsztajn -
Pages:
3 -
As competitors continued to withdraw, the net interest margin jumped to unprecedented levels and is expected to expand further in 2023. This is not justified by asset quality deterioration or cost inflation, but only by the willingness to provide shareholders with a comfortable 15% RoTE as soon as this year.