Bank of Ireland records strong growth and plans its first post-crash dividend payment

The bank remained Ireland's biggest lender in 2015

Bank of Ireland records strong growth and plans its first post-crash dividend payment

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Bank of Ireland's interim results for 2015 show that the bank recorded an underlying profit of €1.2bn - an increase of 30% over the previous year.

The bank remains Ireland's largest lender, providing €6.9bn in new credit to personal and business customers in 2015.

Bank of Ireland has confirmed that it intends to pay shareholders their first dividend since Ireland's banking crisis during the first half of 2017.

Speaking to Newstalk, the Bank of Ireland Group CEO said that the bank has been disciplined while growing its balance sheet:

Commenting on the results he added, "With our strong franchises, we are well positioned to meet credit demand which is recovering as the Irish economy grows and confidence returns.

"We have maintained our progress towards dividends and have updated our distribution policy.

"The strength and momentum in our businesses gives us confidence in the Group’s prospects and in our ability to continue to focus on our duty to responsibly develop our profitable, long term businesses and better serve our customers, in a way that delivers attractive sustainable returns to our shareholders."