Non-performing loans
“With the group set to be strongly profitable from 2023 and NPLs [falling to] 3 per cent, we believe the dividend stop should be lifted,” Mr Ryan said. “Clarity on this will be important for the potential placement of shares by NatWest and/or the State.”The Government has repeatedly said that it does not see itself as a long-term holder of bank shares, even if the focus in recent times has been on selling its remaining Bank of Ireland stock and reducing its stake in AIB.
A series of ECB interest rate hikes since July has transformed the prospects of Irish banks, who are more reliant on interest income for earnings than their average European peer. The main earnings boost has come from the ECB moving from charging banks a rate of 0.5 per cent for excess deposits placed with it to paying banks a rate of 2 per cent.
A Soft landing so ....
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IrishTimes - 🏆 3. / 98 Read more »