Bank of Ireland has reported a 33% jump in pre-tax profits for the six months to the end of June and said it was upgrading its guidance for the full year.

Bank of Ireland said its half year pre-tax profits rose to €960m, and it also announced an interim dividend of 39 cent per share, an increase of 56%.

Lending during the six month period rose by 4% to €84 billion.

Bank of Ireland noted an “excellent” performance in its Irish lending which rose by €2.2 billion – up 7% – but it saw a fall of €0.5 billion in its UK lending where it said it prioritised value over volume.

Its Irish mortgage business grew its net lending by 6%, while its Irish Corporate and SME business grew its net lending by 14%.

Bank of Ireland said its deposits rose by €1 billion to €108.5 billion, led by a 3% year on year increase in Irish Everyday Banking balances.

Its Wealth Assets Under Management rose by 18% on an annualised basis, it added.

Myles O’Grady, Bank of Ireland Group’s CEO, said the bank had an “excellent” performance in the first half of 2026, increasing profit before tax by 33% to €960m.

“As we successfully execute our strategy, more customers are choosing to bank with Bank of Ireland, driving growth in lending, deposits, and in our wealth business,” the CEO said.

“We are delivering product and service enhancements for our customers, supporting homebuyers and homebuilding, helping businesses invest and grow, and providing solutions for customers who wish to protect and secure their long-term financial future,” he said.

“We remain alert to geopolitical developments and the risks for the global economy. Notwithstanding this, a favourable Irish macroeconomic and demographic environment, combined with our unrivalled position as Ireland’s national champion bank, offers continued momentum and confidence for the remainder of 2026 and beyond,” the CEO added.

Bank of Ireland said that reflecting its half year performance and the outlook for the remainder of the year, it is upgrading its guidance for the full year 2026 across net interest income, cost of risk, capital generation and is reiterating its positive outlook to 2028 and beyond.