Banking

Big two banks set to report highest ever profits this year

Bank of Ireland and AIB are forecast to report combined operating profits of close to €4.5 billion as mortgage holders have seen a sharp rise in monthly repayment costs after a series of interest rates hikes

Bank of Ireland is expected to more than double its full year dividend for 2023, which will see it return around €550 million to investors

The two largest banks in the country are on track to report their highest ever profits this year after the series of interest rate hikes by the European Central Bank over recent months has fattened their bottom lines.

Bank of Ireland and AIB are forecast to report combined operating profits of close to €4.5 billion this year, which will be slightly ahead of the boom time profits both banks reported at the height of the ...