Bank of Ireland raises net interest income forecast amid ECB hikes

Bank of Ireland chief executive Myles O’Grady, said that the bank's loan quality"remains robust". Photograph: Nick Bradshaw for The Irish Times

The ECB has hiked its main lending rate by a total of 0.5 percentage points across two meetings since early August. However, it is widely expected to keep the rate unchanged at 4.5 per cent as its governing council concludes a meeting this afternoon. Growth in other business income was up 11 per cent on the year, primarily as a result of increased income from higher customer activity and as the bank benefited from the June 2022 acquisition of Davy.

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