Bank of Ireland to Cut 260 Jobs Amid Profit Decline
Despite strong loan growth, profits fall due to impairments and U.S. trade exposure
The Bank of Ireland has announced plans to cut 260 jobs by the end of the year as part of a broader effort to reduce costs and navigate a challenging financial environment.
While the bank raised its income guidance through 2027 on the back of strong loan growth, first-half profits dropped by 33 percent, driven by impairments tied to U.S. trade exposure and tariff-related pressures.
Investors reacted cautiously, sending shares lower despite assurances of long-term stability.
While the bank raised its income guidance through 2027 on the back of strong loan growth, first-half profits dropped by 33 percent, driven by impairments tied to U.S. trade exposure and tariff-related pressures.
Investors reacted cautiously, sending shares lower despite assurances of long-term stability.
