It had been guiding interest income to be 5-6% lower than 2023 but has revised that to a range of 3-4% lower today.In a trading update for the three months to the end of March, Bank of Ireland said its net interest income in the first quarter both performed in line with expectations and the previous quarter.
Net lending at its Retail Ireland business rose by €0.2 billion on the back of continued growth in mortgage lending, while its market share of new lending was 40% of the first two months of 2024.Meanwhile, customer deposits for the quarter came to €98.4 billion, €1.8 billion lower than the end of 2023.
Myles O'Grady, Bank of Ireland Group CEO, said the bank had a strong first quarter, underpinned by loan book growth, higher income and robust capital generation.