Worst performing bank share (except bcp!) in Europe today, expect the same lowering, cheap selling off, to go on up to 24th's RNS. Contor Fitz had nice words however ...We expect asset quality improvement to continue and forecast a €3.7bn reduction in Non-Performing Loans (NPLs) in 2016, leaving the balance of NPLs at €8.3bn, which represents 9.7% of outstanding gross loans. We anticipate a €700m reduction in its pension deficit from €1.45bn to €750m, which helps to strengthen its fully loaded Common Equity Tier 1 capital position to 12.1%. We anticipate a positive inflection point in BKIR’s balance sheet in 2017.....and 27.2 SP. Meanwhile someone is hammering away at the value...
if you read the fine print there are 2 sites outside of the UK for expansion / relocation .. Dublin .. Frankfurt.. however.. the bulk of the jobs still remain in the UK.. some jobs are moved outside... but not most..
italy supplies trains to portugal.. they are into cars.. fashion.. agriculture.. wines.. and finally the biggest privately owned corporation in the world with real estate owned .. free and clear everywhere.. and banks..in rome and san marino
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