Q3 2022 Aib Group PLC Trading Statement Call Transcript
Good day and welcome to the AIB Q3 2022 Trading Update Conference Call. (Operator Instructions) And finally I would like to advise all participants that this call is being recorded. Thank you.
I'd now like to welcome Mr. Colin Hunt to begin to conference. Mr. Hunt, over to you.
Thank you very much indeed. Good morning, ladies and gentlemen, and welcome to our Q3 Trading Update Call. Donal and I will make some brief opening remarks before we turn over to you for your questions.
We're pleased with the performance of the group, and we are confident in our outlook, notwithstanding external uncertainties. At the start of the year, I described 2022 was the hinge year for AIB, the year when we would conclude on legacy issues and better inorganics and reduce NPEs decisively below 5%. That's precisely what we're doing and the results are very clear and tangible in the statement. Reported strong profitability in the third quarter, good income momentum and loan book growth, EUR 9 billion in new
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