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BOI report 17 percent increase...

Cork

BOI report 17 percent increase compared to same period in 2019

RedFM News
RedFM News

11:17 29 Oct 2021


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Bank of Ireland has reported a 17 percent increase in its operating profits to the end of September, compared to the same period in 2019.
In a new trading statement, the bank says the improved performance is reflected by higher income, lower costs and an increase in capital.
New lending also grew by 7 percent year-on-year, in the first nine months of this year.
The bank says it's partial purchase of KBC Bank Ireland and Davy Stockbrokers is also expected to be completed next year, pending regulatory approval.

Earlier this month the bank closed 88 branches around the country including 9 in Cork city and county.


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