As i already said , good decision on dividends even if it goes to teens , managagement is acting responsible and still paying full year 2017 dividends, and lets face it with all the negativity of 2017 ,even if they gave h1 17 dividends , predators could prey on bank of ireland if their was another crisis , wise decision , no more gambling the farm
Bkir has repaid it's debt. The others are a long way off. If you reintroduced dividends, that would place pressure on aib to do the same.
The average Joe on the street doesn't care that boi might have repaid it's debt. The system as a whole still owes the state. Boi is part of the system. The taxpayer wants their money back, they don't necessarily care from whom it comes.
The state may be close to balancing the books john, but the books are cooked. Unemployment figures are cooked, with those on training courses classed as employed, although costing the state 3 or 4 times as much than on welfare.
And I won't mention Angola, the new children's hospital etc.
The tax payer has already been repaid in full by the bank. the 14% it still owns is 100% profit.
the state is now very close to balancing its book and could well decide to hold the 14% of bkir and claim the dividend. That would not be policy at the moment but Noonan's days as minister of finance are numbered (60 or so i suspect) and a new minister will have his say.
..there could be reasons unknown for holding off the dividend as Cantor has mentioned. Another reason could be the interest rates.. these small 0.25% increases have not kicked in into NIM.. I would guess BOI would need a little more cushion before the dividends kick in.. It was just in 2014 that this bank showed their first profit in many years.. fixing up the loan portfolio has been a major job.. bank management has done a good job in turning the bank to profitability and maintaining profitability.. no surprises today.. earnings are steady.. no accounting gimmicks reported..
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