AIBGY - Allied Irish Banks P.L.C. (AIBGY) Q4 2023 Earnings Call Transcript
2024-03-07 00:35:10 ET
Allied Irish Banks, P.L.C. (AIBGY)
Q4 2023 Earnings Conference Call
March 6, 2024 04:00 ET
Company Participants
Colin Hunt - Chief Executive Officer
Donal Galvin - Chief Financial Officer
Conference Call Participants
Diarmaid Sheridan - Davy
Chris Cant - Autonomous
Grace Dargan - Barclays
John Cronin - Goodbody
Andrew Stimpson - KBW
Presentation
Colin Hunt
Good morning and welcome to AIB Group’s Annual Results Presentation. This morning, I will outline some of our key highlights from 2023 and the strategic cycle which is recently concluded. Our CFO, Donal Galvin, will bring us through the 2023 outturn and then we will spend some time outlining our priorities, ambitions and targets for our next cycle to the end of 2026 before we open to the floor for questions.
2023 was the most successful year in the history of AIB. The results we’re reporting this morning reflect not only a supportive economic backdrop and a normalized monetary policy environment, but are also underpinned by the consequences of deliberate management actions taken in recent years to transform and strengthen our business in the interests of all our stakeholders.
Over the past few years, through ambition, determination and delivery, we reshaped our business. We expanded our range of products and services. We integrated new enterprises and portfolios. We opened a record number of new accounts. We dealt conclusively and comprehensively with legacy items which had overshadowed us for so long. We put sustainability at the very heart of our business model. We returned the Group to majority private ownership and we transformed our balance sheet, which is now one of the strongest in Europe....
Allied Irish Banks, P.L.C. (AIBGY) Q4 2023 Earnings Call Transcript