Bank of Ireland raises net interest income guidance as rates expected to rise further

The lender now expects its net interest income to be 5% higher than its H1 levels which totalled €1.8bn

Myles O’Grady, Chief Executive of Bank of Ireland. Pic:Naoise Culhane

Rising interest rates and ongoing business momentum has seen Bank of Ireland increase its net interest income guidance for the second half of this year, now expecting it to be around 5% higher than its H1 levels.

In July, Bank of Ireland reported a net interest income - the difference between the interest a bank pays for loans and what it charges to customers - of more than €1.8bn, with interest rates in H2 now expected to be higher compared to earlier in the year.