Reuters logo
BRIEF-Bank of Ireland organic capital generation offset by pension deficit
April 28, 2017 / 6:10 AM / 5 months ago

BRIEF-Bank of Ireland organic capital generation offset by pension deficit

April 28 (Reuters) - Bank Of Ireland

* Group continues to trade in line with expectations

* Our net interest margin increased by 3bps from 2.27 pct in H2 2016 to 2.30 pct in Q1

* Business income has remained in line with second half of 2016

* New lending in Q1 2017 was in line with our expectations and included a c.30 pct increase in ROI mortgage volumes relative to Q1 2016

* Customer loan volumes were eur 78 billion at end of March 2017

* Asset quality across our loan portfolios has continued to improve during Q1 2017 in line with our expectations

* At end of March 2017, group’s fully loaded CET 1 ratio was 12.0 pct, compared to 12.3 pct at end of December 2016

* Group’s organic capital generation of c.30bps during quarter was offset by an increase in pension deficit Further company coverage: (Reporting By Padraic Halpin)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below