Bank of Ireland to raise lending rates

Bank of Ireland is to raise its lending rates just three days after the taxpayer took an almost 16% stake in the institution.

Bank of Ireland is to raise its lending rates just three days after the taxpayer took an almost 16% stake in the institution.

The rate it charges on overdrafts, personal loans and student loans is going up. The rate it pays to customers in credit on their current account is coming down.

Bank of Ireland has the largest share of the current account market in this country. Its new higher rates take effect from April 28.

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