Bank of Ireland reports pre-tax profits of €1.4bn

Irish loan book grew 6% in 2025

Mon, 02 Mar, 2026 - 07:16

Martin Claffey

Bank of Ireland profits before tax hit €1.4bn in 2025, it reported on Monday, down from €1.86bn a year earlier.

The bank's Irish lending and deposit book both grew by 6% while wealth assets under management grew 9% over the year. Net profits stood at €1.2bn, which the bank plans to return to shareholders through dividends and share buybacks.

“Over the past three years, the Irish loan book grew by 33%, Irish deposits by 11% and Wealth Assets Under Management by 54%. This reflects the strength and depth of Bank of Ireland’s franchise, as Ireland’s national champion bank," chief executive Myles O'Grady said.

Loans were €82.5bn at end 2025, flat versus the prior year. The bank said its Irish lending performance was up €3.2bn. Customer deposits were €107.5bn, €4.4bn higher versus FY24, led by a notable 6% increase in Irish everyday banking. Retail UK volumes were up 4%, driven by a strong performance in Northern Ireland.

Operating expenses were up 3% to €2.03bn. The expenses included customer redress charges of €268m related to UK motor finance redress, and restructuring costs of €153m.

The bank said net interest income of €3.37bn "slightly exceeded expectations", reflecting strong balance sheet growth in Ireland and the benefits of structural hedge and bond purchases countering the impact of lower interest rates and planned deleveraging.