Bank of Ireland Group 30th European Financials Conference Key Takeaways

Bank of Ireland Group management presented key strategies for NII growth, wealth fee income, and cost efficiency via AI at the Goldman Sachs 30th European Financials Conference. Goldman Sachs maintains a Buy rating with a €20.00 price target.

Key Takeaways

• 1.NII growth is being supported by strong volume growth (c.8% lending growth in Q1) and structural hedge benefits.
• 2.Management is targeting Wealth management, specifically the Davy brand and corporate pensions, as a key growth pillar.
• 3.The Group plans to maintain a stable cost base of €2.2bn through 2028, targeting €250mn in savings, partly through AI efficiencies.

Table of Contents

• European Financials Conference
• Presenters
• Bottom Line
• Key Takeaways
• Valuation/Risks
• Investment Thesis
• Disclosure Appendix
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

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