New lending increases at Bank of Ireland but pension deficit widens
British loan volumes reduced due to sterling weakness as level of non-performing loans also decreases
Bank of Ireland will tell its annual shareholders meeting today that it continues to trade “in line with expectations”.
There have been improvements in the volume of non-performing loans while new lending also increased.
But its pension deficit widened and its British loan volumes reduced due to sterling weakness.
Macroeconomic environments in Ireland and Britain have “remained favourable” according to the bank with exports improving and domestic activity increasing with the labour market.
