Banking
AIB and Bank of Ireland ‘set to return’ €2.7bn to shareholders in dividends and share buybacks
Goodbody analyst John Cronin is forecasting both lenders will report operating profits of more than €5bn when they issue full-year results over the coming weeks
AIB and Bank of Ireland, the country’s two pillar banks, are set to announce multibillion-euro shareholder returns when they unveil full-year results over the coming weeks, according to a leading analyst.
John Cronin, a banking analyst at Goodbody Stockbrokers, estimates the two banks will return up to €2.7 billion to shareholders between them.
“The listed banks are strongly capitalised, and we see this as a constructive point in a shareholder distributions context for AIB and Bank of Ireland for FY23 and beyond.
