Bank of Ireland announces first interim dividend since 2008, despite net interest income decline.

Bank of Ireland will distribute an interim dividend of 35 cents per share, its first since 2008, despite a decline in net interest income due to falling rates. The bank's loan book rose 4% to €82.5 billion, while its net interest income is expected to drop from €3.68 billion to €3.55 billion. The bank’s asset quality improved, with a non-performing loan ratio of 2.7%. CEO Myles O'Grady affirmed ongoing strong business performance and capital generation.

October 30, 2024
5 Articles

Further Reading