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Dec 2 2020, 08:15 GMT
We view AIB’s statement, in advance of its investor update, as positive – recommitting to its 8% returns target with higher-than- expected cost reductions the main lever to achievement. The move to 2023, from 2022, is in line with our expectations. While capital targets remain unchanged, we think there may be scope to revisit at some point next year with greater visibility on macro-related uncertainties.
Dec 2 2020, 08:15 GMT