Bank of Ireland welcomes 'strong' performance as income rises by 8%

Lender's mortgage market share of new lending was 37% in the first three months of this year, down from 40% at the end of 2024

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

Bank of Ireland saw its income rise by 8% in the first three months of this year, with volume growth offsetting continued reductions in European Central Bank (ECB) interest rates.

In a trading update published on Friday, the bank said net lending remained stable at €82.4bn, with a "strong" group performance in line with expectations.