Bank of Ireland ups net interest income guidance on back of higher interest rates

📆 10/26/2023 6:33 AM
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The lender said Irish net lending, excluding acquisitions, was up €1.3 billion, supported by strong performance in mortgage lending

Bank of Ireland has upped its net interest income guidance for the second half of the year to almost €1.9 billion on the back of higher interest rates and “ongoing business momentum”.

The lender this morning said it expected net interest income for the latter half of the year to be circa 5 per cent ahead of €1.8 billion recorded in the first half of 2023.

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