Bank of Ireland to pay out €104m in dividends and share buybacks on back of strong underlying growth

Total new lending amounted to €14.2m

On the back of the 2021 figure, Bank of Ireland said it is in a strong capital position and plans to pay out €54m in cash dividends and €50m via a share buyback. File Picture: :Leah Farrell/RollingNews.ie

Bank of Ireland is planning to return €104m to shareholders, through a dividend and share buyback, after posting a strong underlying profit for last year.

The bank, which is currently trying to buy the bulk of the assets of KBC Bank Ireland, has reported an underlying pre-tax profit of €1.4bn for 2021. That compares to a €374m loss in 2020 and an underlying profit of €758m in 2019.