Bank of Ireland to pay first dividend since financial crash as it reiterates full year forecasts 

Lender confirmed it will pay an interim dividend of 35 cent to shareholders next week

Picture shows Myles O’Grady, Chief Executive of Bank of Ireland. Pic:Naoise Culhane-no fee

Bank of Ireland will pay its first interim dividend since before the financial crisis more than a decade ago, with the lender reiterating its full-year income forecasts in its latest trading update published on Wednesday morning. 

That is despite recent back-to-back falls in interest rates by the European Central Bank, which resulted in the lender's net interest income being 3% lower in the nine months to the end of September and 1% lower on a like-for-like basis. However, Bank of Ireland said the fall was in line with market expectations.