Bank of Ireland eyeing ‘good-fit’ takeover deals

Bank aiming to boost its business through acquisitions and investments as it announces a better than expected first quarter

Bank of Ireland said its performance in the first three months of the year exceeded its expectations.

Bank of Ireland chief executive Francesca McDonagh has said the lender is looking to make more acquisitions and investments in order to further boost its business.

The bank is in the midst of trying to buy KBC Bank Ireland, with the deal currently being investigated by the Competition and Consumer Protection Commission. Bank of Ireland has also been heavily linked with a move for embattled stockbroking giant Davy.