Banking
Increase in Bank of Ireland interest income on back of rising rates
Gavin Kelly, the interim chief executive at Bank of Ireland, said the lender had delivered a “strong business performance” in the third quarter
Bank of Ireland’s net interest income rose by 3 per cent in the first nine months of the year on the back of rising interest rates.
The lender said the cycle of rate tightening which has resulted in the European Central Bank and other central banks hiking rates consistently over recent months was expected to support an increase in net interest income of between 6 per cent and 7 per cent for the year overall.
