Bank of Ireland reveals profit before tax up 28%

The Bank of Ireland has revealed in its interim results for the half year up to September 30 a 28% increase in profit before tax.

Basic earnings per share were up 30% and underlying earnings per share were up 10%.

Brian Goggin, group chief executive for the Bank of Ireland, says: “This has been an excellent first half performance by Bank of Ireland Group.

“Dynamic growth in strongly performing economies, sound investment strategies in areas of potential opportunity and a firm focus on maintaining excellent asset quality are the factors that underlie this performance.

“This performance, together with progress on the implementation of our strategic transformation programme gives us confidence for the future.”