Bank of Ireland staff to ballot on new pay deal that will see wages rise by 4%

Roughly 8,000 Irish staff at the bank will benefit from pay rises, €200 bonus payments and health insurance contributions

Bank of Ireland upped its net interest income guidance for the second half of the year to almost €1.9 billion, citing “ongoing business momentum”. Picture: Fergal Phillips

Bank of Ireland staff have secured an additional pay increase of 4 per cent in 2024 following negotiations between the lender and the Financial Services Union (FSU).

The deal, which will benefit roughly 8,000 Irish employees and see the bank pay €1,400 health insurance contributions annually, is subject to acceptance by a staff ballot.

It comes one year after the government agreed to ease restrictions on bonuses and health benefits pushed on bailed out banks ...