DUBLIN, Feb 18 (Reuters) - The Bank Of Ireland:
* On Feb 21 it will pay the dividends payable on its preference stock
totalling 3.7 million euros
* Also to pay dividend totalling 214.5 million euros relating to 2009 prefernece stock held by state pension fund
* Overall customer deposit volumes have remained broadly stable since 28 November 2010.
* Underlying operating profit before impairment charges to December 31 2010 is
expected to be circa 25-30 percent lower year on year
* Repeats expectation that impairment charge on loans (excluding assets held
for sale to NAMA) peaked in 2009
* Impact of the outflow of ratings sensitive deposits has resulted in a
significant increase in the group's loan to deposit ratio
* The group expects its equity tier 1 capital ratio and core tier 1 capital
ratio to exceed regulatory targets.
* There are uncertainties on outcome of capital reviews and potential impact of
further capital requirements
(Dublin Newsroom; + 353 1 500 1529) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* On Feb 21 it will pay the dividends payable on its preference stock
totalling 3.7 million euros
* Also to pay dividend totalling 214.5 million euros relating to 2009 prefernece stock held by state pension fund
* Overall customer deposit volumes have remained broadly stable since 28 November 2010.
* Underlying operating profit before impairment charges to December 31 2010 is
expected to be circa 25-30 percent lower year on year
* Repeats expectation that impairment charge on loans (excluding assets held
for sale to NAMA) peaked in 2009
* Impact of the outflow of ratings sensitive deposits has resulted in a
significant increase in the group's loan to deposit ratio
* The group expects its equity tier 1 capital ratio and core tier 1 capital
ratio to exceed regulatory targets.
* There are uncertainties on outcome of capital reviews and potential impact of
further capital requirements
(Dublin Newsroom; + 353 1 500 1529) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2011 AFX News
