Half Year 2022 Bank of Ireland Group PLC Earnings Call Transcript
Good morning, ladies and gentlemen. We will now listen to Bank of Ireland's Interim Results announcement for 2022 presented by CEO, Francesca McDonagh; and CFO, Mark Spain, followed by the Q&A. Please go ahead.
Good morning, everyone, and welcome to Bank of Ireland's Interim Results for 2022. Today, we are announcing a strong business performance, continued progress in the delivery of our strategy and a step change in our business model, supported by organic and inorganic growth opportunities. The key highlights from our H1 results are set out on Slide 5.
We delivered underlying profit before tax of EUR 419 million. Total income was modestly higher. We maintained our cost discipline. Our H1 return on tangible equity was 8.1%, and we remain on track to deliver sustainable RoTE in excess of 10% in the near term.
The Irish state has continued to reduce its shareholding in the group. This holding is now below 3%, and we expect this to fall to 0% this year,
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
