LONDON (Thomson Financial) - Bank of Ireland (Governor&Co) said it generated
good volume and earnings growth in the first quarter of the current year, and
reiterated its target of low double-digit earnings per share growth for the full
year.
The asset quality and capital position continues to be strong, Bank of
Ireland said in an AGM statement.
The Irish bank said employment, retail sales and industrial production in
Ireland remain robust and, in the UK, economic growth continues to be solid on
firm consumer spending.
In May, the Irish bank said it expected a low double-digit percentage growth
in underlying earnings per share for the year to March 31, 2008, from a base of
144.6 cents for 2007.
The bank had also said that rising interest rates in both Ireland and the UK
have reduced the rate of volume growth compared with last year.
TFN.newsdesk@thomson.com
ukn/ukn/am
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