Edition:
United Kingdom

Bank Of Ireland says trading in line with expectations


Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Bank of Ireland Group PLC ::GROUP CONTINUES TO TRADE IN LINE WITH EXPECTATIONS.NET INTEREST MARGIN FOR 9 MONTHS TO SEPTEMBER 2018 WAS 2.23%.EXPECT THAT OPERATING EXPENSES FOR SECOND HALF OF 2018 WILL BE LOWER THAN FIRST HALF OF 2018.LOAN VOLUMES WERE EUR 76.6 BILLION AT END OF SEPTEMBER 2018, AN INCREASE OF EUR 0.5 BILLION SINCE END OF DECEMBER 2017.NEW LENDING IN FIRST 9 MONTHS OF 2018 WAS C.15% HIGHER THAN SAME PERIOD IN 2017.24% INCREASE IN NEW MORTGAGE LENDING IN IRELAND WHERE OUR MARKET SHARE WAS 28% FOR FIRST 8 MONTHS OF 2018.H1 TRIM CHANGES REDUCED GROUP'S FULLY LOADED CET1 RATIO BY C.70BPS, FROM 14.1% TO 13.4%.FULLY LOADED CET1 RATIO (NET OF TRIM IMPACT) INCREASED DURING QUARTER BY 10BPS TO 13.5% AT END OF SEPTEMBER 2018.