Bank of Ireland raises construction funding target to 30,000 homes

Bank of Ireland raised its target for funding of home construction from 24,000 houses to 30,000 across Ireland. 'Housing development is a pressing economic and social issue for Ireland, but outputs remain materially behind annual demand,' said chief executive Myles O’Grady.
Picture: Naoise Culhane

Bank of Ireland has raised its target for funding of home construction from 24,000 houses to 30,000 across Ireland, it announced on Thursday. 

Last year Bank of Ireland funded the construction of 21,000 homes, and this year the bank was already supporting construction of 3,000 more, on 220 sites in 22 counties.