AP NEWS
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

KBRA Comments on Irish Banks’ 2018 Results

March 4, 2019

DUBLIN--(BUSINESS WIRE)--Mar 4, 2019--Kroll Bond Rating Agency Europe Limited (KBRA) comments on Irish banks’ 2018 earnings results. The banks—Bank of Ireland, Allied Irish Banks plc, Ulster Bank Ireland DAC, Permanent TSB and KBC Bank Ireland plc—delivered a sound performance in 2018, with stable or improved core profitability, healthier asset quality, strong capital ratios and sound funding profiles. Despite the uncertainties around Brexit, growth of new loan portfolios continues to be strong, but almost all banks reported gross loan contraction in 2018 as the reduction of their nonperforming loans (NPLs) outweighed their new lending. Assuming that a disorderly hard Brexit is avoided, KBRA expects the larger banks to witness slight gross loan growth in the year ahead, while smaller banks will face further contraction as the institutions remain under increased regulatory pressure to reduce their stocks of NPLs.

To access the full report, click here.

Related Publications: (available at www.kbra.com )

CONNECT WITH KBRA

Twitter  
LinkedIn  
Download the iOS App  
YouTube

About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190304005707/en/

CONTACT: Analytical Contacts:

Joanna Drobnik, CFA, Director, Financial Institutions

Dublin

+353 1 669 2680

jdrobnik@kbra.com

Joe Scott, Managing Director, Financial Institutions

New York

+1 (646) 731-2438

jscott@kbra.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA NEW YORK IRELAND

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2019.

PUB: 03/04/2019 11:16 AM/DISC: 03/04/2019 11:16 AM

http://www.businesswire.com/news/home/20190304005707/en