Wednesday September 23, 2020

Bank of Ireland looks to scale back Northern operations

Bank will retain joint ventures with the AA and the Post Office in Britain, while focusing on more niche lending areas

Ian Guider

Markets Editor

@ianguider
9th August, 2020
The bank’s loan book in the North stood at about £2.5 billion (€2.7 billion) at the end of June

Bank of Ireland is considering shrinking its presence in the North as part of a strategic review of its British banking operations.

Francesca McDonagh, its chief executive, told the Business Post that "all options are on the table" as the bank looks to improve returns from its businesses in the North.

"We don't have a prejudged assumption of the outcome of the review. That is work we are doing in the coming months...

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