Bank of Ireland lending up €1bn on last year

Bank of Ireland has said economic activity in Ireland has continued to expand while in the UK it remains resilient in the wake of the UK's decision to leave the EU.

Bank of Ireland lending up €1bn on last year

Bank of Ireland has said economic activity in Ireland has continued to expand while in the UK it remains resilient in the wake of the UK's decision to leave the EU.

According to an interim management statement issued this morning, the bank said it is trading in line with expectations so far this year.

It also shows new lending volumes for the first nine months of the year were €10bn, up €1bn on the same period last year.

However, it said that sterling weakness was impacting the value of its balance sheet when assets held in the UK are translated back into euro.

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