Results Centre

2024 Interim Results

We have delivered a strong performance in the first half of 2024 as we continue to further grow and diversify our business.

We are offering customers much-needed choice with our market-leading six-month and one-year fixed term deposit rates which have supported a €1 billion increase in deposits since this time last year. Our Business Banking presence is growing with new lending tripling in the past twelve months.

We are focused on ensuring that we remain a strong and resilient competitor in the Irish retail banking market and as a result of our recent non-performing loan sale, we will be able to free up capital that will be used to support up to €2 billion of lending into the Irish economy. Despite a reduced switcher market, we are seeing positive trends in our mortgage market share in Q2, with recent mortgage rate reductions driving a strong pipeline for the remainder of the year.

Our title sponsorship of Team Ireland for both the Olympic and Paralympic Games taking place in Paris, has given us a unique platform to demonstrate our commitment to communities across the country and show our support for the role they play in supporting our incredible Olympic and Paralympic athletes – we wish our inspiring sporting heroes every success for the Games.

We remain confident that the acquisitions and investments we have made, and continue to make, are putting us in a strong position to continue to further grow and diversify our business and deliver sustainable returns for our shareholders over time.

Eamonn Crowley, Chief Executive