Bank of Ireland originated an extra €1 billion in new loans over the first nine months of the year compared to the same time last year, according to a trading statement from the bank today.
In today's interim manangement statement, Bank of Ireland said it is trading in line with expectations so far this year.
But it said that sterling weakness is impacting the value of its balance sheet when assets held in the UK are translated back into euro.
The devalued pound is also impacting the value of profit generated in Britain, it added.
The bank said that the volume of non-performing loans has fallen by €800m to €9.1 billion since the start of the year.
It added that it expects the level of non-performing loans to continue to reduce.
Bank of Ireland's net interest margin for the nine months to September rose to 2.15% compared to a net interest margin of 2.11% for the first half of the year.
It said that it continues to maintain tight control over its cost base, while making appropriate investments in its businesses, infrastructure and people.
Following the publication of the 2016 Finance Bill, it is expected its annual banking levy will reduce from €38m in 2016 to about €30m in 2017 and 2018, the bank added.
Bank of Ireland shares closed 1.04% higher in Dublin trade today.
