Bank of Ireland raises 2026 income and capital guidance after strong growth
Bank of Ireland has again upgraded key financial targets for this year after positive growth in lending, deposits, and wealth assets. In an interim management statement covering the nine months to the end of September, the lender said that total consumer loans rose by €3.6 billion to €86.1 billion. Irish loans rose around 8 per cent, led by mortgages and lending to small businesses, while deposits were up 3 per cent to €110.3 billion and operating costs increased 2 per cent. The statement added that around 5 per cent loan book growth is expected in 2026, and the bank reaffirmed its key guidance issued earlier in the year. Statutory return on tangible equity is expected to be more than 14 per cent this year, and on track to rise above 16 per cent by 2028, the bank said. In July, Bank of Ireland upgraded most of its financial targets for…