tax profits jump 33% to €960m
Bank of Ireland reported a 33% increase in pre-tax profits to €960 million for the first half of 2026, leading to an upgraded full-year outlook. The bank cited strong growth in Irish lending and wealth management as key drivers for the positive performance.
Why it matters
The strong financial results indicate robust economic activity in the Irish banking sector despite broader geopolitical risks.
Bank of Ireland has reported a 33% jump in pre-tax profits for the six months to the end of June and said it was upgrading its guidance for the full year.
Bank of Ireland said its half year pre-tax profits rose to €960m, and it also announced an interim dividend of 39 cent per share, an increase of 56%.
Lending during the six month period rose by 4% to €84 billion.
Bank of Ireland noted an "excellent" performance in its Irish lending which rose by €2.2 billion - up 7% - but it saw a fall of €0.5 billion in its UK lending where it said it prioritised value over volume.
Its Irish mortgage business grew its net lending by 6%, while its Irish Corporate and SME business grew its net lending by 14%.
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