Bank of Ireland has today reported strong momentum and business performance with growth in Irish loans, deposits and assets under management.
In an interim management statement for the three months to September 30, the bank said it was retaining its positive outlook to 2026 and beyond.
The bank has marginally upgraded its full year 2025 net interest income (NII) guidance to more than €3.3 billion from about €3.3 billion previously.
Its NII was 7% lower in the third quarter compared to the same time last year on the back of lower average interest rates and deleveraging within the portfolios it is exiting.
This was partially offset by volume growth in both deposits and core loan portfolios and the benefit of its structural hedge programme, it added.
Bank of Ireland said its customer loan balances stood at €82.2 billion at September compared to €82.5 billion at December 2024 and €82.2 billion at June 2025.
It noted that sustainable finance stood at €16.5 billion in September, up from €14.7 billion in December 2024 and €15.5 billion in June.
Its Retail Ireland net lending increased by €2 billion in the three month period under review on the back of continued strong growth in mortgages. Its mortgage market share of new lending was 41% so far this year, it added.
The bank said its Corporate and Commercial net lending decreased by €1.1 billion, with modest growth in Irish portfolios offset by deleveraging within exiting portfolios of €1.3 billion, while Retail UK lending increased by €0.3 billion on a constant currency basis.
Meanwhile, customer deposits were €105.5 billion at September, €2.4 billion higher on December 2024 and €0.5 billion higher compared to June of this year.
The lender said its asset quality continues to be "robust", with non-performing loans of €2 billion at the end of September, down from €2.2 billion in June.
"The NPE ratio was 2.5% of gross customer loans vs 2.2% at December 2024 and 2.6% at June 2025, and remains near historical lows," it added.
Myles O'Grady, Bank of Ireland Group's CEO, said the bank continues to see positive momentum, with loans, deposits and wealth AUM in Ireland all growing strongly.
"These are translating into high levels of net organic capital generation, supporting further balance sheet growth, investment in our business model and attractive shareholder returns," Mr O'Grady said.
He said the bank recently completed the €590m share buyback programme announced in February.
"Since the start of 2022, the group's share count has reduced by 12% through a series of buybacks, and - as previously announced - an interim dividend of 25 cents per share will be paid on 30 October as part of the Group's overall progressive dividend per share objective for the year," he said.
"While we remain vigilant to the evolving international backdrop, the Irish economy continues to be resilient and growing," he added.
Bank of Ireland said that based on proposals in their current form, its provision for the UK motor finance UK motor finance scandal provision could increase to about £350m (€400m) from £143m (€167m).
The bank said the estimated increase is due to the increased likelihood of a higher number of eligible cases, the construct of the proposed redress methodology and the customer engagement approach.
"The final cost to the group could change depending on the outcome of the consultation, actual customer opt-in rates and any further legal, regulatory or industry developments," it added.
Shares in the bank moved higher in Dublin trade today.
