Tuesday May 26, 2020

Bank of Ireland eyes loan growth and cost cuts in long-awaited plan

The bank is looking to grow its loan book by a fifth

Ian Guider

Markets Editor

13th June, 2018

Bank of Ireland has unveiled plans to grow its loan book by a fifth over the next few years as well as a further investment in its technology systems and a major cost reduction exercise.

The bank’s chief executive Francesca McDonagh has published the long-awaited new strategy this morning that will see see the bank expand its insurance and wealth management units and boost returns from its British division.

In a statement ahead...

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