AIB Group PLC (OTCPK:AIBGY)

$ 10.96 0.07 (0.64%) Market Cap: 12.76 Bil Enterprise Value: -14.17 Bil PE Ratio: 5.83 PB Ratio: 0.87 GF Score: 70/100

Q1 2023 Aib Group PLC Trading Statement Call Transcript

May 04, 2023 / 07:30AM GMT

Release Date Price: $8.5

Transcript

Operator

Good day, and thank you for standing by. Welcome to the AIB Group plc First Quarter 2023 Trading Update Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Colin Hunt, CEO. Please go ahead.

J. Colin Hunt

AIB Group plc - CEO & Executive Director

Good morning, everybody. Eight weeks ago, we presented AIB's full year results for 2022. And at that time, we gave an upbeat assessment of the outlook for this year. And today, we're delighted to see that positive outlook taking material form in the shape of our Q1 RMS. Our bigger and broader customer franchise is delivering strong results and is doing so against the backdrop of robust economic performance here in Ireland. We are very pleased with the results we're sharing with you, as highlighted by the upgraded income and NIM guidance, with RoTE now expected to reach the high teens in 2023, materially exceeding our medium-term target.

I'll stop at this point and hand the

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