The group posted lower than expected half-year results driven by disappointing fee income and trading income generation. Loan book expansion and net interest margin resilience are seen as secured by management in spite of the surrounding macro-economic uncertainty. Benign cost of risk is not expected to normalise before two years. The capital position needs to be improved further, which allows only for a very progressive dividend payment resumption. According to management, the Brexit risk re

01 Mar 2016
Strong underlying trends, elevated equity requirements

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Strong underlying trends, elevated equity requirements
Bank of Ireland Group Plc (BIRG:LON) | 1,253 451.1 3.0% | Mkt Cap: 12,037m
- Published:
01 Mar 2016 -
Author:
David Grinsztajn -
Pages:
3 -
The group posted lower than expected half-year results driven by disappointing fee income and trading income generation. Loan book expansion and net interest margin resilience are seen as secured by management in spite of the surrounding macro-economic uncertainty. Benign cost of risk is not expected to normalise before two years. The capital position needs to be improved further, which allows only for a very progressive dividend payment resumption. According to management, the Brexit risk re