Bank of Ireland raises full year forecasts amid slow pace of rate cuts
Bank profits from customers’ reluctance to shift savings into higher interest accounts as well as lower bad loan provisions
Myles O'Grady
Bank of Ireland confirms Gavin Kelly as next Davy chief
Executive will lead bank’s new wealth and insurance division, including the stockbroking unit
Incoming Davy CEO to sit above New Ireland head
Appointment likely to come from wider Bank of Ireland group or further afield rather than from internal Davy candidates
Outgoing Bank of Ireland chairman takes fresh aim at bonus cap
Investors told the group plans to invest ‘in the region of €2 billion future proofing’ the business over the next four years, by chief executive
Dividends bonanza at Bank of Ireland offset by money set aside for potential loan losses
Chief executive lives up to pledge not to hoard excess capital
Bank of Ireland shares slump on outlook after unveiling €1.15bn investor payouts
Bank’s pretax profit for the year rose to €1.94bn from €1.01bn for 2022, with net interest income rising 48 per cent
Bank of Ireland in talks on sale of loan on London building leased to WeWork – report
Sale comes as bank takes more cautious approach to commercial property market
Bank of Ireland expands stock awards plan to wider top executives table
Bank hands seven of its 12-member group executive committee combined 27,995 shares valued €240,337
Bank of Ireland drops mortgage offering through UK Post Office and ends UK AA partnership
Lender will continue to offer savings products
Bank of Ireland agrees average of 4% pay hike
Health insurance contributions of up to €1,400 per year for employee also part of package
Bank of Ireland raises net interest income forecast amid ECB hikes
Lender confirms it expects to pay a bank levy of about €90 million next year, up from €25 million in 2023
RTÉ gears up for legal challenges amid Bakhurst reforms
Seen & Heard: ‘Devastated’ Tower Trade investors; Lifetime loans a ‘ticking time bomb’; Firm Czechs out of Irish project; Bank of Ireland’s IT meltdown
Bank of Ireland CEO apologises for tech failures
Minister for Finance warns IT glitches are happening too often at Irish lenders
Why Ireland’s two biggest banks are making their highest profits since 2007
AIB and Bank of Ireland are making more from the €60bn parked with the Central Bank than from mortgages
Bank of Ireland makes profit of more than €1bn in first half of the year
Net interest income surges to €1.8bn as bank gets 3.75% rate on surplus deposits lodged with central bank
Bank of Ireland names Susan Russell as CEO of Irish retail division
Russell will also become a member of the bank’s executive committee
Bank of Ireland says ‘right balance’ needed on loan and savings rate hikes
Chairman Patrick Kennedy notes Bank of Ireland was the top performing large euro zone bank stock in 2022 with 74% rise in value
BoI’s ‘unusual’ share awards plan for top executives wins over proxy advisers
Bank has provided ‘compelling rationale’ for the move, says ISS
Bank of Ireland’s new mortgage lending more than doubles in first quarter
But bank saw decline in UK and international corporate lending during the period
Bank of Ireland share awards expose banker pay rules ‘myth’, says Sinn Féin
Pearse Doherty to ask Revenue Commissioners to clarify whether share awards comply with bonus restrictions
Myles O’Grady: Banking is ‘in my blood and it’s certainly what I am best at’
Buttressed by the lifting of Government pay caps, Bank of Ireland CEO Myles O’Grady talks about the future of the lender and his circuitous route to the top job
Bank of Ireland to award top executives shares despite bonus restrictions
Bank will boost pay of bosses by 50% by giving shares with no link to performance in coming years
Bank of Ireland warns of staffing ‘risk’ if bonus ban above €20,000 remains in place
Cap on variable pay ‘significantly constrains’ bank’s ability to offer competitive pay packages to senior executives, remuneration committee chair warns
Bank of Ireland shares rise as O’Grady raises profitability target
Bank’s underlying pretax profit dips to €1.2 billion after it set aside loan loss provisions amid cost-of-living crisis
Bank of Ireland plans staff bonuses of up €20,000 from 2024
Lender to reinstate bonuses after Government lifted ban as well as further cost of living payment for staff
Irish mortgage arrears rate falls to lowest level in almost 12 years
Percentage of owner-occupier loans in arrears for more than 90 days drops to 4.5%
Bank of Ireland makes a bold call on problem loans as Covid supports ease
Lender predicts that non performing loan numbers will decline
Banks braced for ‘broad-ranging review’
Cantillon: Sector mired in liquid ratios, low profits, and bonus and salary caps
Bankers’ pay low on political agenda
Despite the grumbles, pay restrictions look set to remain in place for the foreseeable
Decline in technology shares tempers gains in world markets
In Dublin, Kingspan slips 6% amid supply disruptions and rising cost of raw materials
Bank of Ireland blames pay limits as CFO quits for Musgraves
O’Grady’s decision linked to remuneration restrictions, says CEO Francesca McDonagh
Bank of Ireland appoints Tony Morley as group treasurer
Morley has held number of senior roles since rejoining the bank in 2013 from BDO Ireland
Bank of Ireland signals first share buyback in two decades
Lender plans to revive the sale of long-standing problem mortgages this year
Bank of Ireland seeks to calm nerves of investors and taxpayers
Lender says it has enough capital to cope with surge in loan losses stemming from coronavirus pandemic
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