137 bps of average loans. Earnings per share for that year are now expected to be around Eur 66c.
To put those figures into context:
In our Interim Management Statement (IMS) of 5th November 2008 we said that our 2008 earnings per share target was around Eur 120c. We also said that we expected to incur a bad debt charge of c.75 basis points (bps) of average loans in 2008.
For the full statement click here.
