Bank of Ireland chief expects job cuts over next three years but branch levels to remain the same

Bank posted a pre-tax profit of €1.85bn during 2024 — a slight decrease compared to the €1.94bn reported in 2023

Bank of Ireland chief executive Myles O'Grady.

Bank of Ireland chief executive Myles O’Grady has said that the bank expects to reduce full-time (FT) employment over the next three years but the number of branches will remain stable at around 182.

This comes as Bank of Ireland posted a pre-tax profit of €1.85bn during 2024 — a slight decrease compared to the €1.94bn reported in 2023. The drop was largely as a result in a 3% decline in net interest income which stood at €3.57bn last year.