Management did not hesitate to frontload the bulk of the expected annual COVID-19 impact, although the first-half pre-provision performance was affected by depressed revenue generation and a rigid cost base. The group’s recovery potential remains the big unknown.
06 Aug 2020
“One-shot” provision frontloading
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“One-shot” provision frontloading
AIB Group plc (AIBG:LON) | 427 6.4 0.4% | Mkt Cap: 11,176m
- Published:
06 Aug 2020 -
Author:
David Grinsztajn -
Pages:
2
Management did not hesitate to frontload the bulk of the expected annual COVID-19 impact, although the first-half pre-provision performance was affected by depressed revenue generation and a rigid cost base. The group’s recovery potential remains the big unknown.