Myles O'Grady, chief executive of Bank of Ireland: 'The group had an excellent performance in the first half of 2024.' It had previously seen net interest income falling by as much as 6 per cent. READ MOREBank of Ireland has €28 billion of surplus cash sitting with the Central Bank of Ireland, almost all of it earning the official ECB rate, which currently stands at 3.75 per cent. The bank appointed senior group executive Gavin Kelly as the next chief executive of Davy, effective later this year. It is also establishing a new division, Wealth and Insurance, over Davy and New Ireland, which Mr Kelly will also lead.
