Bank of Ireland has reported a pre-tax profit of € 454 million for the first half of its financial year, as the bank benefited both from its cost-cutting programme and the improving economy, which saw BOI write back some €81 million of previously impaired loans.
Bank of Ireland plans to increase the size of its loan book and invest in front-end technology as part of efforts to improve profitability and efficiency, CEO Francesca McDonagh said yesterday at the bank’s investor day.
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