Bank of Ireland raises income forecasts on strong loan and deposit growth

Forecasts inflation of 3.5% this year

The group's loan book grew by €3.6bn to €86.1bn. Deposits also grew by 3% to €110.3bn.

Strong demand for mortgages and loans has seen Bank of Ireland raise its income forecast for the second time this year.

Publishing its interim trading update for the first nine months of 2026, the bank reported a 6% rise in income, including net interest and fees.

The bank now expects net interest income to exceed €3.5bn this year, up from previous guidance of €3.5bn. 

The group's loan book grew by €3.6bn to €86.1bn. Deposits also grew by 3% to €110.3bn.

CEO Myles O’Grady said they are delivering against all priorities and targets. "This is reflected in continued growth in loans, deposits and wealth assets under management, supporting income growth and strong capital generation, whilst asset quality remains resilient," he said.

He welcomed the Government’s planned Individual Investment Account and said the bank was “well positioned to bring innovative propositions to customers in 2027”.

Bank of Ireland said it expects inflation to average 3.5% this year and 3.2% next year. It forecasts house prices rising 4% this year and 3.5% in 2027, with housing completions of 39,600 and 42,000.