Bank of Ireland Group PLC (LSE:BKIC.PFD)
£ 19 0 (0%) Market Cap: - Enterprise Value: - PE Ratio: 5.64 PB Ratio: 0.67 GF Score: 55/100

Full Year 2019 Bank of Ireland Group PLC Earnings Call Transcript

Feb 24, 2020 / 08:30AM GMT
Release Date Price: £18.25
Francesca Jane McDonagh
Bank Of Ireland Group plc - Group CEO & Executive Director

Good morning, everyone, and welcome. Over the year, we have continued to make progress against our 3 strategic priorities: to transform the bank, serve customers brilliantly and grow sustainable profits. This morning, Myles and I will set out the progress that we've made, update you on the action we're taking to control the controllables, and provide new guidance on a number of our financial targets.

The group had a successful 2019. We generated underlying profit before tax of EUR 758 million; operating profit, pre-impairment, grew by 10%; we delivered strong net lending growth of EUR 2 billion; Wealth and Insurance income increased by 11%; costs reduced by a further 4%, achieving a second year of positive jaws. We're benefiting from investment in our transformation, and we generated organic capital of 170 basis points with a proposed 9% increase in our dividend.

The Irish economy continues to perform with strong GDP growth and unemployment at a 13-year low. Brexit has, of course, made itself felt.

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot