Record-Breaking Distribution
The Bank of Ireland achieved a total distribution of EUR1.2 billion, marking a 6% increase year-on-year and the largest ever distribution by the group.
Strong Growth in Irish Mortgages
The Irish mortgage book grew by 7%, with a 40% share of new mortgage lending, showcasing a robust performance in the housing market.
Wealth and Insurance Growth
Total assets under management increased by 19% to EUR55 billion, driven by Davy and New Ireland, with expectations for AUM to grow by 30% over the next three years.
High Return on Tangible Equity
The Bank of Ireland reported a ROTE of 16.8% for 2024, with expectations to exceed 17% by 2027.
Capital Generation and Shareholder Returns
Cumulative distributions for 2023 and 2024 equaled EUR2.4 billion, translating to more than 27% of the market cap.