Bank of Ireland

Myles O’Grady appointed Group CFO, subject to regulatory approval

  • Sectors : Banks
  • Companies : Bank of Ireland

Ratings and price correct at time of issue.

  • Bank of Ireland

    Closing Price: 416c

  • RATING 11/03/13

  • PREVIOUS RATING 14/08/12

    NEUTRAL

DAVY VIEW

Myles O’Grady brings significant experience to the position of Group Chief Financial Officer (CFO) and his appointment will be welcomed. Delivering Bank of Ireland’s (BOI) strategic plan, including the achievement of its 10%+ ROTE target, will be amongst O’Grady’s key priorities. Good progress has been made to date on a number of significant areas, including cost reductions, loan growth and in the UK where the business is being re-positioned. The next phase will include further levers as a response to the interest rate environment.

Download full report with analyst certification and important disclosures

Oct 15 2019, 08:25 IST/BST

Download