Bank of Ireland raises net interest income guidance

It said it now expects it to be 5% higher in the second half of the year than the first due to higher rates and ongoing business momentum.

In an interim management statement for the third quarter of 2023, Bank of Ireland said it was keeping its guidance for costs and business income unchanged, with the latter expected to be broadly in line with the first half. The bank said its fully loaded core tier 1 capital ratio - a key measure of financial strength - rose to 15.2%.

Bank of Ireland said its lending rose by €1.3 billion on the back of a strong performance in its mortgage lending and overall loan book growth of €8.7 billion since December 2022.

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