Robert Besser
05 Aug 2022, 01:38 GMT+10
DUBLIN, Ireland: The Bank of Ireland has said it expects modest growth in net interest income in Ireland this year.
It had forecast that 2022 would see a stable year on year, the bank said this week, even after reporting a 10 percent drop in first half profits.
Further, revenues from net interest income rose under 1 percent to 1.1 billion euros in the first six months of 2022.
Officials noted that Ireland benefited from aggressive European Central Bank and Bank of England rate hikes.
Meanwhile, Bank of Ireland's main rival, Allied Irish Banks, said last week that it is predicting that its net interest income would increase 10 percent in 2022 due to the central bank rate hikes.
Bank of Ireland also reported that its costs, excluding acquisitions and one-off investments, were 1 percent lower than in 2021.
However, the Central Bank's first half profits dropped to 419 million euros from 465 million in 2021, after it took an impairment charge of 47 million euros.
Chief Financial Officer Mark Spain has told Reuters that the Central Bank was taking a cautious approach to stocking provisions.
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationZAGREB, Croatia: Authorities have said that a weekend bus crash near Varazdin in Croatia killed 12 passengers and injured 32.The ...
WASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
SEOUL, South Korea: South Korea has launched a domestically manufactured lunar orbiter that took off from Florida's Cape Canaveral Space ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...
WASHINGTON D.C.: Providing relief to drivers in the United States, the average retail gasoline price in the US fell below ...
The last time Gerrit Cole appeared on the mound at Yankee Stadium, his teammates faced a six-run deficit before taking ...
Tampa Bay's Drew Rasmussen pitched a perfect game for eight innings and Randy Arozarena hit a three-run home run as ...
Chris Bassitt danced out of trouble over five innings and combined with four relievers on a nine-hit shutout Sunday afternoon ...
Albert Pujols hit two homers and drove in four runs to power the St. Louis Cardinals past the Milwaukee Brewers ...
The Minnesota Vikings announced on Sunday that the team would be missing 13 players for the preseason opener against the ...