Financial Results

Bank of Ireland (UK) plc makes an annual statement on its financial results for the twelve months to 31 December 2017.

“In 2017 we have continued to invest in new customer propositions and extend our distribution reach, with the priority of putting our customers, colleagues, communities and our partners, at the centre of everything we do.”

Des Crowley, Bank of Ireland UK Chief Executive Officer

Des Crowley, CEO, Bank of Ireland UK plc, talks about the UK business and its financial performance in 2017.

2017 Highlights:

  • Profit before taxation of £151 million (2016: £193 million), reflecting increased investment in the business, changes to product portfolios and ongoing competition in the UK consumer lending market
  • Over £4.5 billion in new customer lending – a 12% increase on 2016
  • Impairment charges: £26 million (2016: £23 million)
  • Strong net interest margin 2.02% (2016: 2.07%)
  • £160 million dividend paid to Parent
  • Strong organic generation of capital: CET 1 ratio 14.7%. Total capital ratio 20.5%