Bank of Ireland trading in line with expectations
Bank of Ireland has said that its trading both in Ireland and abroad has been in line with expectations since December 2014 ahead of the company’s annual general meeting later today.
It said that economic trends in the UK and Ireland “continue to be favourable” and added that in Ireland “exports are performing strongly and the recovery of the domestic economy is continuing”.
The statement from the bank said that asset quality trends have improved and said that defaulted loan level have continued to fall throughout the first quarter of the year.
The bank said that its customer loan volumes increased to €85bn in April compared to €82bn at the end of last year. The rise was attributed in part to the increased strength of sterling.