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BRIEF-Suncorp Group updates on outlook, expects to deliver improved NIM in H2
February 8, 2017 / 9:46 PM / 8 months ago

BRIEF-Suncorp Group updates on outlook, expects to deliver improved NIM in H2

Feb 9 (Reuters) - Suncorp Group Ltd:

* Expected to deliver an improved second half NIM

* “Life planned margins are expected to remain stable”

* In medium term expects flat cost base in FY17 and FY18

* In medium term expects improving underlying NPAT

* In medium term expects sustainable ROE of at least 10%, which implies an underlying ITR of at least 12%

* “Continues to target a dividend payout of 60% to 80% of cash earnings”

* “Housing loan portfolio is expected to grow in second half” Source text for Eikon: Further company coverage:

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