AIB Group plc

Hello and welcome to the AIB Group PLC Q3 2023 Trading Update Call. Please note this conference is being recorded and for the duration of the call, your lines will be on decent only. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keypad to register your question. I will now hand you over to your host, Colin Hunt, Chief Executive Officer, to begin today's conference. Please go ahead, sir.

Good morning all and welcome. When we last spoke at the interim stage, we said that 2023 would be an exceptional year. And after a very, very strong performance by the group in the quarter to the end of September, we're upgrading our guidance for the third time this year. NII is now expected to exceed 3.75 billion. NIM is expected to exceed 3%. And ROTI is going to be above 20%. We are really pleased with how the group is performing. and we are confident in our ability to deliver robust results, not only in 2023, but also in the years ahead, with benefits flowing from a very strong customer franchise and ongoing conservatism in how we approach the management of the organization. The group is in its best position in decades, and we are excited about our prospects over the medium term, having come successfully through a period of unprecedented change in the Irish banking industry. I'm going to stop at that point and open the floor to questions. I'm joined by Donal this morning.

As a reminder, if you would like to ask a question on today's call, please press Taiwan on your telephone keypad. We will take our first questions from Raoul Sinha from JP Morgan. Your line is open. Please go ahead.