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%
I think we will see some encouraging figures from car loans and the UK Post Office tomorrow I think we will see big growth in UK and Irish car loans
At the last count I think it was 17 manufactures/ brands that use Bank of Ireland (in Ireland) for their finance packages ie Ford finance etc These manufactures all pay Bank of Ireland for this service, How many 141/142 car have you seen on the road and take look tomorrow on your way to work( for all who live in Southern Ireland ) how many 151 cars you see at least 70% of these will be financed with BKIR. and this are not a low interest mortgage rate this are high quality loans at good rates any subvented rates are paid by the manufacturer to BKIR
I have been in this share from 12c maybe not as long as some, but I think a lot of people are underestimating this bank, there is no other bank in the UK or Ireland that covers so much range of product and has as many outlets to pump out loans. I am hoping for good results in the morning and I do think we will see some great figures, we have gone sideways for a while now, but look where we have come from. I think BKIR is building a strong base to grow from and we are going to see the start of a bigger better bank . We are almost there!
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