The group’s updated business plan articulated around a healthy top-line expansion and uninterrupted cost reductions in spite of inflated investments. The +10% RoTE objective corresponds to the minimum market requirement. Although it looks credible, we do not see it as fully secured as it is based on a complacent cost of risk and macro-economic assumptions.
14 Jun 2018
EPS upgrades on stronger top-line expansion
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EPS upgrades on stronger top-line expansion
Bank of Ireland Group Plc (BIRG:LON) | 0 0 2.0% | Mkt Cap: 10,292m
- Published:
14 Jun 2018 -
Author:
David Grinsztajn -
Pages:
2
The group’s updated business plan articulated around a healthy top-line expansion and uninterrupted cost reductions in spite of inflated investments. The +10% RoTE objective corresponds to the minimum market requirement. Although it looks credible, we do not see it as fully secured as it is based on a complacent cost of risk and macro-economic assumptions.