Investment giant Blackrock, meanwhile, has lifted its holding in Bank of Ireland to just over 9pc from almost 8.8pc. Last week, Bank of Ireland – whose CEO is Myles O’Grady – announced that it had made a €1.1bn pre-tax profit in the first half of 2024. The State sold the last of its shares in Bank of Ireland in 2022. The bank is at a disadvantage compared with bigger rivals AIB and Bank of Ireland in the mortgage market. Bank of Ireland upgraded its earnings guidance for 2024 on the back of its first-half results.

Source: Irish Independent August 06, 2024 19:07 UTC