Brief: Bank Of Ireland lifts income guidance, H1 profit falls to 721 mln eur

Bank of Ireland

29/07/2025 07:01

July 29 (Reuters) - Bank of Ireland Group PLC BIRG.I:

BANK OF IRELAND - H1 PROFIT BEFORE TAX 721 MLB EUROS VERSUS 1.1 BILLION EUR YEAR AGO, LOANS AND DEPOSITS +5% Y/Y

BANK OF IRELAND - INTERIM ORDINARY DIVIDEND PER SHARE OF 25 CENTS (40% PAYOUT RATIO) VERSUS 35 CENTS PER SHARE OR 40% PAYOUT YEAR AGO

BANK OF IRELAND - H1 NET INTEREST INCOME (NII) AHEAD OF EXPECTATIONS AT 1.67 BILLION EUR (H124 1.80 BILLION), BUSINESS INCOME +4% Y/Y TO 399 MILLION

BANK OF IRELAND - FULLY LOADED CORE TIER 1 CAPITAL RATIO 16.0% VERSUS 15.9% AT END-MARCH, ORGANIC CAPITAL GENERATION OF 110BPS IN H1

BANK OF IRELAND - NO CHANGE TO GROUP’S UK MOTOR FINANCE PROVISION OF £143M

BANK OF IRELAND - NET CREDIT IMPAIRMENT 137 MILLION EUR VERSUS 50 MILLION EUR CHARGE IN H1 2024, OPERATING EXPENSES +3% YOY, IN LINE WITH GUIDANCE

BANK OF IRELAND - EXPECT FY NII OF C.€3.3BN VERSUS PRIOR GUIDANCE OF ABOVE €3.25BN, INCLUDES SUPPORT FROM INCREASED BOND PORTFOLIO IN H1 TO C.€15BN FROM  €9BN AT END-DEC

BANK OF IRELAND -  DISTRIBUTIONS FOR 2025 TO COMPRISE A COMBINATION OF A PROGRESSIVE ORDINARY DIVIDEND PER SHARE AND SHARE BUYBACKS

BANK OF IRELAND - REAFFIRMS FY25 GUIDANCE FOR ROTE OF C.15% AND ORGANIC CAPITAL GENERATION OF 250-270BPS

BANK OF IRELAND - REITERATES EXPECTATION FOR ADJUSTED ROTE TO BUILD TO ABOVE 17% BY 2027, SUPPORTING CAPITAL GENERATION OF 250-270 BASIS POINTS EACH YEAR

Further company coverage: BIRG.I

 (Reporting By Padraic Halpin)

 ((Padraic.Halpin@thomsonreuters.com;))