Bank of Ireland CEO Says Will See Some Brexit Benefit

The transcript discusses the Bank of Ireland's economic outlook, focusing on Ireland's growth and market share. It covers plans for dividend reintroduction, impacts of pension schemes, and Brexit's effect on UK operations. The financial services sector's potential benefits from Brexit and stress test results are examined. Challenges of low interest rates and strategies for business growth are highlighted. The bank's approach to political risks through diversification and maintaining strong capital and liquidity is also discussed.

What is the expected growth rate of the Irish economy next year according to the Bank of Ireland?

• 5.0%

• 2.5%

• 3.4% to 3.5%

• 4.0%

What was the main reason for the absence of a dividend for 2016?

• Regulatory restrictions

• Volatility in bond yields

• High operational costs

• Low profits

How has Brexit primarily impacted the Bank of Ireland's UK operations?

• Increased loan defaults

• Higher operational costs

• Translation of profits and capital

• Loss of market share

What is the Bank of Ireland's target capital ratio?

• 20%

• 10%

• 15%

• 12%

What has been a challenge for the Bank of Ireland in growing its business?

• High inflation rates

• Regulatory changes

• Low interest rates

• Increased competition

What strategy has the Bank of Ireland employed to manage political risks?

• Reducing loan offerings

• Diversification across regions

• Increasing interest rates

• Focusing solely on the Irish market

How long has the CEO been in his position at the Bank of Ireland?

• 6 years

• 10 years

• 5 years

• 8 years