Bank of Ireland records higher net interest income due to rising rates

In the first nine months of the year, the bank opened around 245,000 new current and deposit accounts, which is up 90% compared to the same period in 2021.

Bank of Ireland’s net interest income was 3% higher in the nine months to September 2022 when compared to the same period in 2021. Photo credit should read: Liam McBurney/PA Wire

Bank of Ireland recorded higher net interest income due to rising rates, its latest trading update showed.

The bank said it expects net interest income to increase between 6% and 7% this year, compared to 2021.