Bank Of Ireland Share Discussion Threads

[cruiser70] 23/3/2015 15:19

I'd love to see her build a nice strong
base here for a week or so before onward

[hunter321] 20/3/2015 17:45

And its a great day Cruiser

[cruiser70] 20/3/2015 14:38

Be a great day if she can hold .37

[enturner] 17/3/2015 13:31

Looks more like 3500 every 15 seconds or so. Manipulation?!

[wajai1986] 17/3/2015 11:31

Someone selling 3500 share every minute? What is that?

[kemorkid] 16/3/2015 16:27

Some one just off loaded 66 million and me like a tool just bought some !

[benchmark] 12/3/2015 23:35

Cheap bank assets underpinned by a growing economy won't go unnoticed and Sabadell are clearly snooping around. And they are unlikely to be hunting alone!

[cricklewood] 12/3/2015 19:12

Why the rise ?

[hassani2] 11/3/2015 13:49

All the british share holders are sitting on a massive daily lost,more luckily to €1.50 vs £1 by the end of march

[kemorkid] 04/3/2015 13:01

BKIR market cap 11b app
LLOY market cap 57b app
BARC market cap 43b app

Bank of Irelands Cap looks too big in comparison which kinda scares me !!

[cricklewood] 02/3/2015 20:57

gabyg


If cut out http and replace it with HTTP you will be able to post and click on the link


Hope that helps

[cricklewood] 02/3/2015 20:57

gabyg


If cut out http and replace it with HTTP you will be able to post and click on the link


Hope that helps

[gabyg] 02/3/2015 20:39

hxxp://www.rte.ie/news/business/2015/0302/683972-moodys-bank-outlook/

[cricklewood] 28/2/2015 09:14

Bank of Ireland shares jump on hopes for dividend payment next year

[cricklewood] 27/2/2015 21:54

Bank of Ireland has today reported a profit for the first time since the financial crisis in 2008 as new lending grew and it clawed back money set aside previously to cover bad loans.

The bank today posted pre-tax profits of €920m for the year to the end of 2014, compared to a loss of over €0.5 billion in 2013, as it said that all of its divisions were profitable.

A big part of the improved performance was a €1.2 billion fall in the charge the bank had to take for bad loans. Its impairment charge for the year was €840m.

[moneybagsjnr] 27/2/2015 15:11

Couldn't resist topping up some more after those numbers :P

[cricklewood] 27/2/2015 09:51

27 February 2015





2014 Key Highlights:



· Underlying profit of €921 million with all trading divisions profitable - an improvement of €1.5 billion over 2013

· €10 billion of new lending - an increase of over 50%

· Largest lender to the Irish economy during 2014, UK mortgage lending more than doubled

· A substantial and sustainable increase in our NIM during 2014; Q4 NIM was 2.22%

· Reduced defaulted loans by €2.8 billion to €14.3bn; 22% below their peak

· Increased transitional CET1 ratio by 250bps to 14.8%

· Fully loaded CET1 Ratio of 9.3%

· Passed ECB stress test with substantial capital buffers

· Increased TNAV per share by 13%



CEO Comment:



Richie Boucher, Bank of Ireland Group CEO, commented:



"Having, to date, returned c.€6 billion in cash to the Irish taxpayers for their support and €4.8 billion investment in Bank of Ireland, we have made further substantial progress against our strategic priorities in 2014. We have grown our new lending by more than 50% to €10bn and were the largest lender to the Irish economy last year. We have also generated capital at an accelerated pace and improved our asset quality. Our progress is reflected in our underlying financial performance, which we improved by almost €1.5 billion, with all trading divisions profitable.



We are confident in the Group's prospects. The outlook for the Irish and UK economies remains favourable. We have our strong retail and commercial franchises in these markets and we have resilient and professional people, who are motivated and focused and have a proven track record of delivery. The combination of these factors gives me confidence in our ability to responsibly deliver attractive and sustainable returns to our shareholders."



Ireland - Leading bank in a growing economy:

· #1 or #2 positions across all principal product lines

· Providing 1 in every 3 mortgages; low yielding tracker mortgages reduced by €1.5bn in 2014

· 27% share of the savings market; deposit pay rates lower

· Irelands only bancassurer- 24% share of the life assurance market

· Ireland's #1 business bank; greater than 50% share of SME/Agri lending

· Ireland's #1 corporate bank; greater than 30% market share; leading share of new FDI relationships




International - Providing further attractive opportunities for growth:

· With our Post Office partner, a leading UK challenger consumer bank with c.3 million customers

· Maintaining #1 position in consumer FX

· In mortgages, new lending more than doubled reflecting investments in our Post Office partnership and widening of distribution network including Legal & General and others

· Northern Ireland business returns to modest profit



Continuing to proactively support and benefit from Irish economic growth:

Integral part of the Irish economy - supporting customers, enterprise and communities

· Largest lender to the Irish economy during 2014 - €5.7bn new lending

· > 50,000 business loan applications approved

· > 24,000 acres of land for which we approved funding

· > 27,000 vehicles financed in 2014

· c.120,000 new current accounts opened

· > 11,000 customers supported in buying a new home

· > 9,000 people working in our businesses in Ireland

· c. €500m paid out by New Ireland under customer protection products in the past 5 years

· 220 customer interactions processed every minute of every day



Key Financial Highlights:



Group Income Statement

· Underlying profit of €921m vs loss of €564m in 2013

· All divisions are now profitable

· Increased Total Income by > €300m

· Net interest margin (annualised) of 2.11% vs 1.84% in 2013; Q4 net interest margin of 2.22%

· Reduced cost-income ratio to 55% (2013: 60%)

· Impairment charges reduced by c.€1.2bn reflecting improvements in asset quality and

Irish mortgage impairment reversal of €280m



Group Balance Sheet and Capital

· Customer Loans €82bn

· Customer deposits - €75bn, account for c.80% of Group funding, predominantly retail

· Wholesale funding - €20bn of which Monetary Authority Funding €4bn

· Strong liquidity ratios

- Net Stable Funding Ratio - 114%

- Liquidity Coverage Ratio - 98%

- Loan to Deposit Ratio - 110%

· Robust Capital Ratios

- Transitional CET 1 ratio of 14.8%, up 250bps

- Fully loaded CET 1 ratio (including 2009 Prefs) of 11.9%, up 290bps

- Fully loaded CET 1 ratio (excluding 2009 Prefs) of 9.3%, up 300bps

Please click on the following link to view the full Preliminary Statement:



For further information log on to www.bankofireland.com/investor or contact:



Bank of Ireland

Andrew Keating Group Chief Financial Officer [phone]

Mark Spain Director of Group Investor Relations [phone]

Pat Farrell Head of Group Communications [phone]

Forward Looking Statement



This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934 and Section 27A of the US Securities Act of 1933 with respect to certain of the Bank of Ireland Group's (the 'Group') plans and its current goals and expectations relating to its future financial condition and performance, the markets in which it operates, and its future capital requirements. These forward-looking statements often can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as 'may,' 'could,' 'should,' 'will,' 'expect,' 'intend,' 'estimate,' 'anticipate,' 'assume,' 'believe,' 'plan,' 'seek,' 'continue,' 'target,' 'goal,' 'would,' or their negative variations or similar expressions identify forward-looking statements, but their absence does not mean that a statement is not forward looking. Examples of forward-looking statements include among others, statements regarding the Group's near term and longer term future capital requirements and ratios, level of ownership by the Irish Government, loan to deposit ratios, expected impairment charges, the level of the Group's assets, the Group's financial position, future income, business strategy, projected costs, margins, future payment of dividends, the implementation of changes in respect of certain of the Group's pension schemes, estimates of capital expenditures, discussions with Irish, United Kingdom, European and other regulators and plans and objectives for future operations.



Such forward-looking statements are inherently subject to risks and uncertainties, and hence actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the following: geopolitical risks, such as those associated with crises in the Middle East and increasing political tensions in respect of the Ukraine, which could potentially adversely impact the markets in which the Group operates; concerns on sovereign debt and financial uncertainties in the EU and in member countries and the potential effects of those uncertainties on the Group; general and sector specific economic conditions in Ireland, the United Kingdom and the other markets in which the Group operates; the ability of the Group to generate additional liquidity and capital as required; any capital or other assessments undertaken by regulators; property market conditions in Ireland and the United Kingdom; the potential exposure of the Group to various types of market risks, such as interest rate risk, foreign exchange rate risk, credit risk and commodity price risk; deterioration in the credit quality of the Group's borrowers and counterparties, as well as increased difficulties in relation to the recoverability of loans and other amounts due from such borrowers and counterparties, have resulted in significant increases, and could result in further significant increases, in the Group's impaired loans and impairment provisions; implications of measures introduced by the Central Bank of Ireland to address mortgage arrears on the Group's distressed debt recovery and impairment provisions; the impact on lending and other activity arising from the emerging macro prudential policies; the performance and volatility of international capital markets; the effects of the Irish Government's stockholding in the Group (through the Ireland Strategic Investment Fund) and possible changes in the level of such stockholding; the impact of downgrades in the Group's or the Irish Government's credit ratings or outlook; the stability of the Eurozone; changes in the Irish and United Kingdom banking systems; changes in applicable laws, regulations and taxes in jurisdictions in which the Group operates particularly banking regulation by the Irish and United Kingdom Governments together with implementation of the Single Supervisory Mechanism and establishment of the Single Resolution Mechanism; the exercise by regulators of powers of regulation and oversight in Ireland and the United Kingdom; the introduction of new government policies or the amendment of existing policies in Ireland or the United Kingdom; the outcome of any legal claims brought against the Group by third parties or legal or regulatory proceedings or any Irish banking inquiry more generally, that may have implications for the Group; the development and implementation of the Group's strategy, including the Group's ability to achieve net interest margin increases and cost reductions; the responsibility of the Group for contributing to compensation schemes in respect of banks and other authorised financial services firms in Ireland, and the United Kingdom that may be unable to meet their obligations to customers; the inherent risk within the Group's life assurance business involving claims, as well as market conditions generally; potential further contributions to the Group sponsored pension schemes if the value of pension fund assets is not sufficient to cover potential obligations; the exposure of the Group to NAMA losses in the event that NAMA has an underlying loss at the conclusion of its operations, which could adversely impact the Group's capital and results of operations; the impact of the continuing implementation of significant regulatory developments such as Basel III, Capital Requirements Directive (CRD) IV, Solvency II and the Recovery and Resolution Directive; and the Group's ability to address weaknesses or failures in its internal processes and procedures including information technology issues and equipment failures and other operational risks.



Nothing in this document should be considered to be a forecast of future profitability or financial position and none of the information in this document is or is intended to be a profit forecast or profit estimate. Any forward-looking statement speaks only as at the date it is made. The Group does not undertake to release publicly any revision to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date hereof. The reader should however, consult any additional disclosures that the Group has made or may make in documents filed or submitted or may file or submit to the US Securities and Exchange Commission.


This information is provided by RNS

The company news service from the London Stock Exchange


END



FR EAKAXAAPSEEF

Related Shares: Bank of Ireland (Governor & Company of the) (BKIR).




1234567891011Next Finance News Page



Date

Source

Headline

Category


27-Feb-15 07:00 RNS Bank of Ireland Preliminary Results December 2014 Results and Trading Reports
12-Feb-15 11:00 RNS Notification of Significant Shareholding Holding(s) in Company
05-Feb-15 10:30 RNS Acquisition of Commercial Loan Portfolio Mergers, Acquisitions and Disposals
02-Feb-15 16:00 RNS Form 25 Company Announcement - General
27-Jan-15 14:00 RNS Notification of Significant Shareholding Holding(s) in Company
21-Jan-15 15:30 RNS Delisting from NYSE Company Announcement - General
05-Jan-15 16:19 RNS Blocklisting Interim Review Company Announcement - General
24-Dec-14 11:20 RNS Notification of Significant Shareholding Holding(s) in Company
24-Dec-14 11:19 RNS Notification of Significant Shareholding Holding(s) in Company
12-Dec-14 16:31 RNS Acquisition of Performing Resi Mortgage Portfolio Company Announcement - General
05-Dec-14 15:57 RNS Notification of Significant Shareholding Holding(s) in Company
10-Nov-14 16:00 RNS Directorate Change Executive Changes
04-Nov-14 16:53 RNS Notification of Significant Shareholding Holding(s) in Company
31-Oct-14 07:00 RNS Bank of Ireland Interim Management Statement 2014 Results and Trading Reports
27-Oct-14 07:00 RNS BOI passes ECB Comprehensive Assessment Company Announcement - General
24-Oct-14 13:01 RNS Notification of Significant Shareholding Holding(s) in Company
24-Sep-14 16:30 RNS Notification of Significant Shareholding Holding(s) in Company
15-Sep-14 17:01 RNS Notification of Significant Shareholding Holding(s) in Company
10-Sep-14 08:51 RNS Notification of Significant Shareholding Holding(s) in Company
02-Sep-14 14:29 RNS Notification of Significant Shareholding Holding(s) in Company
28-Aug-14 12:00 RNS Notification of Significant Shareholding Holding(s) in Company
15-Aug-14 16:34 RNS Notification of Significant Shareholding Holding(s) in Company
14-Aug-14 16:01 RNS Notification of Significant Shareholding Holding(s) in Company
12-Aug-14 15:29 RNS Notification of Significant Shareholding Company Announcement - General
01-Aug-14 12:00 RNS Director/PDMR Shareholding Directors' Dealings
01-Aug-14 07:00 RNS Bank of Ireland Interim Report Results and Trading Reports
02-Jul-14 15:26 RNS Blocklisting Interim Review Company Announcement - General
30-Jun-14 16:29 RNS Notification of Significant Shareholding Holding(s) in Company
30-Jun-14 15:16 RNS Change in Director's details Executive Changes
26-Jun-14 15:07 RNS Kildare Securities Limited Company Announcement - General


1234567891011Next Finance News Page






Home | Contact Us | About Us | Careers | Advertise with Us | Sitemap | Terms & Conditions | Chat Rules | Cookies | Privacy

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.

[cricklewood] 27/2/2015 08:04

There is your 34c , pity the euro is so weak.

[joemillion] 26/2/2015 23:54

Hopefully we might hit 34c tomorrow although I suspect there may be a pullback later in the day before we see further gains next week. Irrespective of the results tomorrow this is definitely a long term hold for me. The more interesting question is where will we be in 3-5 years? No longer a penny stock and a price quoted back in several euros and not in a few cents. That I am fairly certain of. Good luck to all.

[cruiser70] 26/2/2015 20:03

How's everybody doing? We ready for more up?

[kemorkid] 25/2/2015 13:34

BKIR to outperform according to Davy Fitzgerald.
Results out Friday

[hunter321] 23/2/2015 20:47

Good day on the ISEQ today. Great little country.

[kemorkid] 23/2/2015 16:28

Hopefully Mr Watsa will keep his holding

[cricklewood] 23/2/2015 14:10

We are nearly back to where Wilbur took flight.

[kemorkid] 23/2/2015 14:08

Thanks Joe