Bank of Ireland

Bank of Ireland Group has today announced Interim Results for the first six months of 2024. The Group has had an excellent performance reporting a profit of €1.1 billion, up 5%. This performance – underpinned by growth in our loan book and wealth assets, higher income, and robust capital generation – supports upgraded earnings guidance for the year. We are now half-way through our three-year strategy. We're meeting or beating our targets and investing for the future. This year we've announced a range of improvements to our branches, ATMs, contact centre services and fraud support for our customers. The launch of innovative green mortgages, the expansion of agri-business green lending, and an increased funding commitment for housing were also important developments in the first half of the year. For more information go to https://lnkd.in/ehejn2xV

As we reach the end of the first year of our 2023 Graduate Development Programme, we take a look back at where this cohort began their journey with us in Bank of Ireland last September. Have a watch of this short video and hear how our Graduates were looking forward to beginning their careers with us! Since their induction day, our Graduates have completed a number of bespoke development activities, enabling a learning experience that builds and uplifts Graduate skills and capabilities, and supports our organisational strategic priorities. Aligning to our Group hybrid working model, the Graduate Development Programme is delivered in both in-person and virtual formats and provides the Graduates with the opportunity to build their technical skills, such as Project Management or Data Analysis, as well as supporting them in more personal wellbeing areas like Financial Wellbeing and Mental Health. With a keen focus also on networking, brand awareness and relationship management, the Development Programme is committed to providing a rounded experience for our graduates, who will go on to leverage and further enhance these vital skills throughout their careers. Our 2025 Graduate Programme opens for applications in September 2024. Visit our website to sign up to keep in touch and receive notifications about our upcoming Graduate Programme: https://lnkd.in/dPknQADv

We’re ready to celebrate with Belfast Pride 🏳️🌈🏳️⚧️ #LoveYourMind #ProudToBeMeAlways

Part of our purpose at Bank of Ireland is to help colleagues and members of society from all backgrounds to thrive. As part of this, our Emerging Careers programmes provide internship, work placement, volunteering and apprenticeship opportunities that support in building their skills and capabilities. To celebrate the diversity of programmes and the colleagues who support same, earlier this month Careers Academy was delighted to host an Emerging Careers Networking Event. Attended by Matt Elliott, Chief People Officer, and Susan Russell, Retail Ireland CEO and Executive Sponsor of Careers, the event was the first time that this cohort of interns, apprentices, graduates, and volunteers have had the chance to come together to meet one another and share their experiences of joining and working in the organisation. The programmes represented on the day include DCU Access, Trinity Centre for People with Intellectual Disabilities, Technology Ireland’s Digital Skillnet Women’s ReBoot, African Professional Network of Ireland Internship, DCU STEM Techer Internship Programme, Bank of Ireland Group Graduate Programme, AHEAD, Fastrack to IT Apprenticeships, EPIC, and Business in the Community Schools Volunteering Programmes. Susan Russell | Matt Elliott | Steve Morton | Shaun Cummins | Eimear Moore | Francesca Fadda | Aoife Treacy

Evelyn Moynihan, CEO of Kilkenny Design, has been chosen as The Irish Times Business Person of the Month for June, an award run in association with Bank of Ireland. The fashion and design retailer, which is owned by the O'Gorman family, returned to an operating profit last year as trading bounced back after Covid and it invested in new stores and digital offerings. Last year an investment of €400,000 saw it create separate online stores for the European, UK and US markets which the company anticipates will drive double-digit growth. Read more: https://lnkd.in/eMKuNj9p #irish #retail #business #fashion #design #ecommerce

Auto enrolment legislation enacted last week now paves the way for Ireland’s landmark auto enrolment pensions scheme, bringing the Government one step closer to rolling it out to businesses across the country. This will encourage employees to plan their retirement but are Irish employers ready? The Understanding Auto Enrolment podcast series, sponsored by Thinkbusiness.ie, discusses how employers can prepare for its introduction next year. Episode 2 gives employers a checklist of things they need to think about and do to make sure they are ready. Listen now at the link below.

Bank of Ireland has announced the establishment of a new division – Wealth and Insurance. Bank of Ireland subsidiaries Davy and New Ireland Assurance will be part of this new division. The Wealth and Insurance division will be led by Gavin Kelly as CEO of Davy and Wealth.     Today, Davy and New Ireland serve around 650,000 Wealth and Insurance customers in Ireland. Since 2021, Assets Under Management across the Wealth and Insurance franchises have more than doubled, growing from €22.5 billion to €49.5 billion. This wealth and insurance offering is unique in the Irish market, which presents an opportunity for enhanced customer outcomes and growth. With more than four million customers in total, the Group’s aim is to grow the number of customers served by Davy and New Ireland Assurance, providing them with leading wealth and insurance products and services at every step and stage of their life. Read the full story - https://lnkd.in/eX-mtn_D

Watch our latest market update with Chief Investment Strategist at Bank of Ireland Investment Markets, Kevin Quinn, where he reviews Q2 2024 returns and the key drivers of continuing market gains.

The latest MyHome.ie Property Report for Q2 2024, published today, cites the strong labour market and looser lending rules as some of the factors driving house prices. Conall Mac Coille, Group Chief Economist at Bank of Ireland and author of the report said: : “The clear message from the Q2 2024 MyHome.ie Property Price Report is that house prices have gained further momentum. Asking prices rose by 5% in Q2 2024, up 7.3% on the year, the highest figure since Q3 2022." Read the full MyHome.ie Property Report for Q2 2024, in association with Bank of Ireland below.

This week, we showcased our commitment to Irish homebuilding at a conference organized by the The Housing Agency Ireland, the Department of Housing, Local Government, and Heritage, and the Department of Finance Ireland. John Feeney, our Head of Property, Project and Asset Backed Finance, discussed our leading role in funding new homes and attracting international capital to support Irish home building. We are funding approximately 21,000 residential units across c.170 sites, including 3,200 social housing units. Our goal is to support 25,000 new homes by 2026 with €2.5 billion in funding. To address equity financing challenges, we launched the Irish Homebuilding Equity Fund with the Ireland Strategic Investment Fund and Pearl Property Managers Limited. This €55 million fund aims to provide equity investment for housebuilders to unlock finance for sites with planning permission and residential zoning.