Saturday October 24, 2020

BoI reassures on dividend despite H1 profits fall

IT investment and sterling effects hit last set of figures under Boucher

28th July, 2017
Bank of Ireland CFO Andrew Keating and CEO Retail Ireland Liam McLoughlin at its H1 results briefing. Pic: Naoise Culhane

Bank of Ireland has reported a pre-tax profit of €455m for the first six months of this year, down from €557m a year earlier.

Analysts had expected first-half profits at Bank of Ireland – which is still 14 per cent state-owned – to fall. The figures were affected by increased investment in the bank’s technology infrastructure, while profits from its British business also fell. Last year’s results also benefited from a once-off profit...

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