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BRIEF-Bank of Ireland expects to resume dividend payments in H1 2018
February 24, 2017 / 7:10 AM / 7 months ago

BRIEF-Bank of Ireland expects to resume dividend payments in H1 2018

Feb 24 (Reuters) - Bank Of Ireland

* Bank of Ireland FY underlying profit before tax 1.07 billion euro versus 1.2 billion euro profit year ago

* Bank of Ireland says as further clarity emerges on Brexit, expects first dividend payment in H1 2018 in respect of FY 2017

* Bank of Ireland also cites need for recent improvement pension deficit to be sustained as factor in dividend timing

* Bank of Ireland net interest margin increased to 2.27 percent in H2, all trading divisions profitable

* Bank of Ireland fully loaded CET1 ratio 12.3 percent versus 10.5 percent at end-Sept

* Bank of Ireland net loan book 78.5 billion eur versus 78 billion at end-Sept, group new lending of 13 billion eur

* Bank of Ireland cut non-performing loans by further 4.1 billion in 2016; net impairment charge reduced to 21 BPS

* Bank of Ireland investment in core banking platforms with CET1 ratio impact of c.35-45 bps p.a. over next 4 years Further company coverage: (Reporting By Padraic Halpin)

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