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News: SUN Suncorp Group updates on outlook, expects to deliver improved NIM in H2

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    09/02/17
    08:45
    Post #: 22475105

    Feb 9 (Reuters) - Suncorp Group Ltd (SUN) :

    • Expected to deliver an improved second half NIM
    • "Life planned margins are expected to remain stable"
    • In medium term expects flat cost base in FY17 and FY18
    • In medium term expects improving underlying NPAT
    • In medium term expects sustainable ROE of at least 10%, which implies an underlying ITR of at least 12%
    • "Continues to target a dividend payout of 60% to 80% of cash earnings"
    • "Housing loan portfolio is expected to grow in second half"
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