Thursday July 2, 2020

Interim dividend provides a challenge for ILP

Irish Life & Permanent (ILP) chief executive Denis Casey faces an uncomfortable outing this week when the mortgage lender and life assurance company reports results for the half-year to June.

23rd August, 2008

Irish Life & Permanent (ILP) chief executive Denis Casey faces an uncomfortable outing this week when the mortgage lender and life assurance company reports results for the half-year to June.

Casey is almost certain to freeze ILP’s interim dividend in response to a tightening capital position, having warned analysts recently that it was unrealistic to expect an increase in the shareholder payout.

While the move would help to shore up ILP’s balance sheet...

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