Archives

August 28, 2025 @ 12:47 pm By Omar Faridi  |  

Bank of Ireland has recently announced a series of initiatives that underscore its commitment to sustainability, fraud prevention, and adapting to modern banking trends. These updates reflect the bank’s strategic focus on supporting green initiatives, combating financial crime, and aligning with changing consumer behaviors. From… Read More

July 22, 2025 @ 8:49 am By Omar Faridi  |  

Bank of Ireland has significantly revised its economic forecasts for Ireland in 2025, reflecting solid performance in the latter half of 2024 that outperformed expectations. The bank now projects GDP growth of 8.1%, a substantial increase from its earlier estimate of 3.5%, driven by a… Read More

July 14, 2025 @ 8:35 am By Omar Faridi  |  

The Bank of Ireland released significant updates that underscore its role in supporting Ireland’s economic resilience and educational advancement. The first report highlights the strength of consumer spending in Ireland during June, driven by favorable economic conditions and evolving consumer behavior. The second announcement details… Read More

June 26, 2025 @ 1:47 am By Omar Faridi  |  

Bank of Ireland’s Savings and Investment Index fell back in Q2 2025, with a drop in both the proportion of people who say they are saving and in those who believe they are saving enough. The Savings and Investment Index dropped “to 87 in Q2… Read More

June 18, 2025 @ 1:34 am By Omar Faridi  |  

Irish consumers continued to show confidence in their personal financial outlook in May, as Bank of Ireland debit and credit card spending rose by a robust 6.5% year-on-year. This marks another month of “strong growth in consumer activity, significantly outpacing the current 2% rate of… Read More

June 9, 2025 @ 11:09 am By Omar Faridi  |  

Analysis of Bank of Ireland customer behavior during the first three months of 2025 revealed that contactless payments rose while ATM usage was down compared to the same period in 2024. eCommerce contactless transactions (digital wallets, Apple Pay / Google Pay) increased by “3%, with… Read More

March 1, 2025 @ 3:12 pm By Omar Faridi  |  

Bank of Ireland last year approved €600 million in new construction loans to housebuilders / property developers that are now supporting the delivery of 4,000 homes. The new lending lifts the Bank’s homebuilding loan approvals to €1.05 billion, which will “support the construction of 21,000… Read More

February 1, 2025 @ 6:03 pm By Omar Faridi  |  

Bank of Ireland’s latest economic forecasts for Ireland have been revised upwards. The bank has revised upwards projections “for GDP (4.3%), modified domestic demand (4%) and employment (2.2%) growth in 2025.” This reflects stronger than expected data for H2 2024, showing the Irish economy had… Read More

January 26, 2025 @ 6:58 pm By Omar Faridi  |  

Consumers should remain vigilant against romance fraud, which continues to harm unsuspecting individuals each month, according to Bank of Ireland. The bank emphasizes the importance of staying cautious and not allowing emotions to override financial judgment. Romance fraud involves scammers creating false identities to build… Read More

January 15, 2025 @ 8:05 am By Omar Faridi  |  

Analysis of Bank of Ireland customer behavior between 14 and 24 December has shown “record” Christmas digital banking usage. On Thursday, 19 Dec 2024, close to 1.6 million digital banking logins were recorded across Bank of Ireland’s iOS and Android mobile apps, “as well as… Read More

December 29, 2024 @ 9:34 pm By Omar Faridi  |  

The Bank of Ireland Savings and Investment Index continues to recover, with Q4 2024 results back to pre-pandemic levels, driven by more consumers feeling it is a good time to save, and an improvement in attitudes to investing. The Index also showed some significant changes… Read More

December 21, 2024 @ 3:11 pm By Omar Faridi  |  

Bank of Ireland clients reportedly spent more in 2024 on Black Friday to Cyber Monday weekend, up a substantial 4.7% on the past year, while spending by Bank of Ireland customers for the month of November 2024 was up as well by a significant 5.6%… Read More

December 12, 2024 @ 7:51 am By Omar Faridi  |  

The most common last-minute spenders during the festive period based on 2023 spending data were 36-45 males, according to an update from the Bank of Ireland. This may not come as a surprise due to the general increase in consumer spending seen during the end… Read More

October 18, 2024 @ 7:43 am By Omar Faridi  |  

The Bank of Ireland has issued an urgent fraud alert, cautioning that  businesses are being targeted with so-called ‘Live chat’ scams. Bank of Ireland is now specifically warning UK businesses about a recent increase in ‘Live chat’ scams. According to the update from the Bank… Read More

August 18, 2024 @ 11:53 pm By Omar Faridi  |  

According to the Bank of Ireland fraud data for the first half of 2024, the volume of investment fraud attempts has surged by 76% compared to the same period in 2023. Investment fraud happens when fraudsters, “posing as legitimate firms, offer consumers investment opportunities on… Read More

July 13, 2024 @ 5:18 pm By Omar Faridi  |  

Bank of Ireland has announced the establishment of a new division – Wealth and Insurance. Bank of Ireland’s wholly owned subsidiaries, Davy (Wealth and Capital Markets) and New Ireland Assurance, will be part of this new division. The Wealth and Insurance division will be “led… Read More

July 10, 2024 @ 11:51 pm By Omar Faridi  |  

After a “record breaking” 3-night run at the Aviva Stadium that left concert goers still trying to ‘Shake Off’ the Taylor Swift effect, the latest Bank of Ireland Spending Pulse analyzing debit and credit card spending reveals the economic impact of her visit. Analyzing 27th… Read More

July 5, 2024 @ 3:49 pm By Omar Faridi  |  

Bank of Ireland is recruiting for 100 technology roles to support digital projects across the Group. The roles will help drive some of the Group’s most important technology projects “including new customer features on digital channels, protecting customers against fraud, and advanced data analytics.” The… Read More

June 30, 2024 @ 11:22 am By Omar Faridi  |  

Bank of Ireland, the Ireland Strategic Investment Fund (ISIF), and Pearl Property Managers Limited (Pearl) have launched a new fund with an initial value of €55 million that will grow in the future, and support the delivery of more than 2,500 new homes over the… Read More

June 26, 2024 @ 11:23 pm By Omar Faridi  |  

The Bank of Ireland has entered a new Enviroflex partnership with Aurivo Co-op. Sustainability-linked loans now available to members of leading agribusiness, according to the update from the Bank of Ireland. As mentioned in a blog post, the Bank of Ireland has formed a new… Read More