AIB Group PLC (OTCPK:AIBGY)

$ 10.98 0.02 (0.18%) Market Cap: 12.78 Bil Enterprise Value: -14.23 Bil PE Ratio: 5.84 PB Ratio: 0.88 GF Score: 70/100

Q3 2023 Aib Group PLC Trading Statement Call Transcript

Nov 01, 2023 / 08:30AM GMT

Release Date Price: $9.15

Transcript

Operator

Hello, and welcome to the AIB Group plc Q3 2023 Trading Update Call. Please note this conference is being recorded. (Operator Instructions)

I will now hand you over to your host, Colin Hunt, Chief Executive Officer, to begin today's conference. Please go ahead, sir.

Colin Hunt

Good morning all, and welcome. When we last spoke at the interim stage, we said that, 2023 would be an exceptional year. And after a very, very strong performance by the group in the quarter to the end of September, we're upgrading our guidance for the third time this year. NII is now expected to exceed EUR 3.75 billion. NIM is expected to exceed 3%. And ROTI is going to be above 20%.

We are really pleased with how the group is performing and we are confident in our ability to deliver robust results not only in 2023, but also in the years ahead with benefits flowing from a very strong customer franchise and ongoing conservatism in how we approach the management of the organization.

The group is in its best position in decades and we are excited about our prospects

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