The full year results release was marked by strong RWA inflation and downgraded net interest margin guidance for this year. However, the latter downgrade does not reflect real margin pressure and Management reiterated its mid-term financial objectives. It remains that the business plan reveals needs, articulated around strong volume expansion and a particularly benign cost of risk which must be taken with a pinch of salt.
26 Feb 2019
Misunderstood warning on interest margin
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Misunderstood warning on interest margin
Bank of Ireland Group Plc (BIRG:LON) | 989 192.9 2.0% | Mkt Cap: 10,292m
- Published:
26 Feb 2019 -
Author:
David Grinsztajn -
Pages:
2
The full year results release was marked by strong RWA inflation and downgraded net interest margin guidance for this year. However, the latter downgrade does not reflect real margin pressure and Management reiterated its mid-term financial objectives. It remains that the business plan reveals needs, articulated around strong volume expansion and a particularly benign cost of risk which must be taken with a pinch of salt.