Bank of Ireland

What Bank of Ireland does

Bank of Ireland Group plc is a publicly listed Irish retail, commercial, corporate, and wealth bank founded in 1783, headquartered at 2 College Green, Dublin, and dual-listed on the Irish Stock Exchange and London Stock Exchange (with a proposed 2026 LSE delisting). It serves personal, Premier, business, and corporate customers across the Republic of Ireland and Northern Ireland through a 160+ branch network, ~900 An Post counter-service points, 365 online and mobile app channels, phone banking, and a UK Banking subsidiary, with additional UK mortgage and consumer finance operations via BOI Mortgages UK, Northridge Finance, and Bank of Ireland UK.

The bank's core technology is the 365 digital platform (web, mobile app, phone) with biometric login and two-factor authentication, integrated digital wallets (Apple Pay, Google Pay), and an Open Banking Developer Hub. Production AI/ML capabilities include fraud detection over approximately 1 billion card transactions per year (preventing €9.7m in fraud in 2025), an NLP-based TextChecker SMS scam service, and Money Insights 365 (Mi 365) for personal financial analytics. Distribution partnerships include the Zippay instant-payment consortium with AIB, PTSB, and Nexi (5 million customer accounts), the Nevo Electric Vehicle Marketplace (16 motor brands), and An Post counter banking.

The revenue model is anchored by net interest income (€3.2bn in 2025, guided to ~€3.4bn in 2026 and above €3.85bn by 2028), supplemented by 7% growth in fee and commission income, a €5bn+ wealth and asset management book (target €75bn AUM by 2028), €16.5bn of sustainability-related lending (target €30bn by 2030) funded in part by €750m green bonds, and insurance distribution through New Ireland Assurance. The bank finances 25,000 Irish homes, runs 100% shareholder payout (€1.2bn in 2025), and is exiting US leveraged acquisition finance while consolidating its domestic Irish franchise.

Name

Bank of Ireland

Legal name

Bank of Ireland Group plc

Website

https://bankofireland.com

Company type

Public

Founded year

1783

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Bank of Ireland Group plc is Ireland's oldest retail and commercial bank, serving personal, business, corporate, and wealth customers through 160+ branches, ~900 An Post access points, and the 365 digital platform, with revenue anchored in net interest income, fees, and a growing €30bn sustainability lending franchise.

Ownership category

akta.pro rank

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net interest income: Primary revenue stream driven by lending and deposit franchises; net interest income of €3.2 billion in 2025, with FY25 guidance of above €3.3 billion and 2026 guidance of approximately €3.40 billion, targeting more than €3.85 billion by 2028.
2. Fee and commission income: 7% growth in total fee income in 2025, including card transaction fees, account maintenance fees (€6/month Personal Current Account), cross-border handling fees, and Wealth and Insurance management fees.
3. Wealth and asset management fees: Assets under management increased 9% in 2025 with the bank targeting €75 billion in AUM by 2028; includes Premier banking, investment, and pension products offered through Bank of Ireland and New Ireland Assurance.
4. Green and sustainability-linked lending: Sustainability-related lending reached €16.5 billion by September 2025 with a €30 billion target by 2030; complemented by €750 million green bond issuances in 2025 (with €2.6 billion investor demand) and EU Green Bond Framework funding of clean transportation and renewable energy.
5. Green Loans / sustainable finance origination: Origination of green loans (e.g., 50/50 with AIB to Park Developments for over 800 homes) and Green Capex Loans (e.g., £16m to McKinstry Group), generating interest income and advisory fees on sustainability-tied assets.
6. Insurance distribution and protection products: Distribution of home, travel, life, mortgage protection, income protection, and family protection insurance policies through Bank of Ireland channels, including New Ireland Assurance as a related group company.

Pricing tiers

Go-to-market motion4 records

Distribution channels10 records

Marketing channels10 records

Core offering

Bank of Ireland provides retail, commercial, corporate, and wealth banking services in Ireland and the UK through current accounts, mortgages, personal and business loans, credit cards, savings, investments, pensions, insurance, and international payments. Banking services are delivered via 160+ branches, almost 900 An Post access points, the 365 online and mobile platform, phone banking, and dedicated corporate and Premier relationship coverage.

Product overview

Bank of Ireland delivers a single integrated retail and commercial banking platform with a modular product suite spanning Personal, Premier, Business, Corporate, and UK Banking segments, all anchored by the 365 Online/365 Mobile App digital core. The 365 platform hosts add-on modules including Zippay (peer-to-peer payments via Nexi), Money Insights 365 (AI-driven spending analytics), the Security Zone with TextChecker fraud protection, and Apple Pay/Google Pay digital wallet tokenization. Core product categories include Current Accounts (Personal, Smart Start, Golden Years, Graduate), Mortgages (with EcoSaver green variant), Loans (including Trade Down bridging and Home Energy Upgrade), Credit Cards (Aer, Platinum, Classic), Savings (SuperSaver, MortgageSaver, 365 31 Day Notice, Currency Deposit), Investments, Insurance, Pensions, and International Payments. Banking services are extended through partnerships including An Post Banking (1,000+ access points), Apple Pay/Google Pay digital wallets, and the Electric Vehicle Marketplace (with Nevo). Subsidiaries include New Ireland Assurance, Northridge Finance, and BOI (IOM) Limited. The Developer Hub exposes Open Banking APIs for third-party integration.

Differentiator

Problem solved

Functional benefit

Brands

• New Ireland Assurance: Life insurance and assurance brand operated through the Bank of Ireland subsidiary of the same name.
• BOI Mortgages UK
• Northridge Finance
• ThinkBusiness.ie

Products and services

• 365 Online / 365 Mobile App Core digital banking platform providing online and mobile access to Bank of Ireland accounts, with biometric login, two-factor authentication, payments, Money Insights 365, card controls, Zippay instant P2P, and AI-powered fraud detection. Targeted at personal, business, and corporate banking customers.
• Personal Current Account Primary personal banking current account offering card payments in euro, account transfers up to €20,000/day, cash withdrawals, Apple Pay/Google Pay, Money Insights, and 24/7 fraud protection for €6 monthly fee (waived for select segments).
• Mortgages Mortgage product suite including first-time buyer, moving home, switching, buy-to-let, self-build, equity release, and EcoSaver (BER-based green mortgage) offerings, with mortgage protection and arrears support.
• Loans
• Credit Cards Credit card portfolio including Aer (travel rewards), Classic, Platinum, Affinity, and Student credit cards with card controls, instalment plans, and digital wallet tokenization.
• Savings Accounts Savings portfolio including SuperSaver, MortgageSaver, Advantage Fixed Term, Instant Access Demand, 365 31 Day Notice, Notice Deposit, Save for Kids, Smart Start Money Pot, and Currency Deposit accounts.
• International Payments Foreign exchange, international wire transfers, bank drafts, daily FX rates, multi-currency support, and IBAN/SWIFT/BIC services for personal and business customers.
• Insurance Home and travel insurance, life insurance (mortgage protection, family protection, income protection, business protection), and individual/company pensions distributed through Bank of Ireland and New Ireland Assurance.
• Investments and Wealth Management Investment journey tools, market watch updates, sustainable investing options, and financial planning meetings, with Bank of Ireland Wealth managing AUM targeting €75 billion by 2028.
• Zippay Instant P2P Mobile Payments In-app person-to-person mobile payment service built on Nexi infrastructure, integrated into the 365 mobile app, enabling instant payments up to €1,000/day and €500/request via mobile numbers without IBANs. Available alongside AIB and PTSB.
• Electric Vehicle Marketplace Digital hub in partnership with Nevo integrating educational resources, vehicle comparison tools, financing options, and test drive scheduling; supports 46% growth in EV-related lending in 2025.
• Trade Down Equity Release / Bridging Loan Bridging loan allowing homeowners to move to smaller or larger properties without first selling their current home, with maximum loan of 60% of valuation and 7% interest rate. Targeted at older customers downsizing.
• EcoSaver Mortgage (Better BER, Better Fixed Rate) Green mortgage product offering better fixed interest rates based on the property's Building Energy Rating (BER), rewarding more energy-efficient homes.
• Premier Banking Premium personal banking service offering priority phone support, exclusive rates, and enhanced tailored financial services for high-value customers.
• Business Banking Banking services tailored for small to medium-sized businesses, including business current accounts, business loans, Business On Line, and Financial Wellbeing resources.
• Corporate Banking and Capital Markets Banking services for large businesses and institutions, including corporate lending, treasury, capital markets, M&A advisory, and institutional wealth services.
• UK Banking (Bank of Ireland UK) UK personal and business banking services including UK mortgages, car finance, and current accounts, with a 2% share of the UK motor finance market.
• Developer Hub / Open Banking APIs Developer portal providing API documentation, integration tools, and Open Banking API access for third-party developers building on Bank of Ireland's banking infrastructure.
• New Ireland Assurance Wholly-owned Bank of Ireland Group subsidiary providing life assurance, pensions, and investment products to personal and corporate customers in Ireland.
• Northridge Finance Bank of Ireland Group consumer finance subsidiary offering personal loans and lending products.
• Green Loans / Green Products Personal green lending products supporting home energy upgrades, EV purchases, and sustainable home improvements, including the Home Energy Upgrade Loan Scheme; complementing €30 billion sustainability lending target by 2030.
• An Post Banking (Counter Service) Partnership service enabling Bank of Ireland Personal and Business current account customers to make cash lodgements, withdrawals, and cheque lodgements at nearly 900 An Post offices nationwide, expanding banking access to over 1,000 locations.

Quantifiable outcome

• €9.7 million in fraud prevented in 2025 via AI detection across ~1 billion card transactions
• +7 more outcomes

Named customers11 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability9 records

Feature7 records

Partnerships

Ten partnerships are on record, tiered core, minor and flagship.

• NevocoreStrategic or Co-development Partner · 11 June 2026Bank of Ireland launched the Electric Vehicle Marketplace on 11 June 2026 in partnership with Nevo, Ireland's EV-focused platform. The digital hub integrates educational resources, vehicle comparison tools, financing options, and test drive scheduling. Bank of Ireland reports 46% growth in EV-related lending in 2025 and partnerships with 16 motor brands accounting for 43% of new EV sales through May 2026.
• London Stock Exchange (LSE)minorOthers · 16 April 2026Bank of Ireland Group plc is proposing to delist its shares from the London Stock Exchange, citing negligible trading volume in London relative to its Dublin listing and that maintaining the LSE listing is no longer in the interests of the company or shareholders.
• University College Dublin and Cambridge SparkcoreImplementation/ SI/ Consulting Partner · 19 March 2026Bank of Ireland is partnering with University College Dublin and Cambridge Spark on training partnerships to support the bank's AI Academy and accelerate AI and data training for its workforce.
• Kennedy LewisflagshipStrategic or Co-development Partner · 13 March 2026Bank of Ireland formed a €2 billion partnership with US private credit manager Kennedy Lewis to finance European mid-market buyouts. Kennedy Lewis committed €2 billion over three years, with operations centred in Europe and the US. PwC advised Bank of Ireland on the partnership.
• PwCminorImplementation/ SI/ Consulting Partner · 13 March 2026PwC advised Bank of Ireland on its strategic partnership with Kennedy Lewis, focused on financing European mid-market buyouts.
• Institute of International Bankers (IIB)minorOthers · 13 March 2026Tony Dunne of Bank of Ireland serves as Co-Vice Chair of the IIB Board of Directors, alongside Deutsche Bank's Jonathan Hummel, working with Board Chair Richard Haworth of Barclays Americas to guide the IIB's strategic priorities and policy engagement for internationally headquartered financial institutions operating in the United States.
• NexiflagshipTechnology or Integration · 9 March 2026European paytech Nexi delivers the Zippay in-app person-to-person payment service that launched in Ireland on 10 March 2026. Bank of Ireland is one of three launch partners alongside AIB and PTSB, with phased rollout to over 5 million customer accounts, daily send limit €1,000 and request limit €500. Zippay will subsequently be offered on a non-discriminatory basis to other Irish financial institutions with IBAN services and a mobile app.
• AIB and PTSBflagshipStrategic or Co-development Partner · 9 March 2026Ireland's three domestic retail banks—AIB, Bank of Ireland, and PTSB—jointly launched the Zippay instant person-to-person mobile payment service, delivered by European paytech Nexi and integrated into existing banking apps, reaching over 5 million eligible customer accounts.
• An PostflagshipChannel Partner/ Reseller/ Distributor · 4 November 2025Bank of Ireland Personal and Business current account customers and Instant Access Demand account customers can complete selected banking transactions (cash/cheque lodgements, cash withdrawals) at almost 900 An Post offices nationwide. An Post branches are typically open longer hours (9am-5:30pm Mon-Fri and 9am-1pm Sat) than Bank of Ireland branches.
• Bank of Ireland UKcoreOEM/ Whitelabel/ Licensing Partner · 20 October 2025Bank of Ireland UK operates as a separately regulated UK subsidiary of Bank of Ireland Group, serving personal and business customers in Great Britain and Northern Ireland; subject to a £3.7m fine in February 2026 for late implementation of a 'confirmation of payee' anti-fraud system, which it put in place in January 2025, more than a year after the October 2023 deadline.

Scale indicators15 records

Recent moves11 records

Expansion highlights8 records

Direct peers

• AIB (Allied Irish Banks): Ireland's largest retail bank and a fellow 'pillar bank' jointly launching Zippay with Bank of Ireland. Directly comparable on Irish retail, SME, corporate, and wealth franchises; both subject to Central Bank of Ireland oversight and the same access-to-cash directives.
• Permanent TSB: Third Irish pillar bank; jointly launches Zippay with AIB and Bank of Ireland. Competes directly in Irish retail mortgages, savings, and current accounts and is subject to the same Central Bank access-to-cash oversight.

Broad incumbents

• NatWest Group: UK-listed retail and commercial bank with overlapping UK and Ireland mortgage businesses and Ulster Bank legacy. Comparable business mix (retail, commercial, wealth) and similar regulatory backdrop to Bank of Ireland's UK operations.
• Barclays: Global universal bank with significant UK and Ireland retail, corporate, and capital markets presence. Comparable in offering breadth (current accounts, mortgages, cards, wealth) but far larger; one of the underwriters on Bank of Ireland's 2018 capital raise.
• HSBC Holdings: Global universal bank with a meaningful commercial and wealth presence in Ireland and the UK. Comparable on corporate banking, capital markets, treasury, and wealth franchises but operates at materially greater scale and geographic diversification.
• Lloyds Banking Group: UK-focused retail and commercial bank with mortgage, savings, and wealth franchises structurally comparable to Bank of Ireland's UK Banking arm. Similar regulatory environment (FCA, PRA) and similar UK motor finance redress exposure.
• Nationwide Building Society: UK mutual building society with mortgage and savings franchise comparable to Bank of Ireland UK. Notably, Bank of Ireland hired Laura Faulkner (former Nationwide director of business services) to lead shared services, evidencing peer-level talent flows.

Emerging players

• Revolut: Digital-first challenger with strong Irish consumer mindshare. Competes directly for primary banking relationships, payments, and FX but lacks the regulated deposit-taking depth, branch distribution and mortgage origination capability of Bank of Ireland.
• N26: European neobank operating in Germany and across the eurozone. Competitor for digital-native retail customers and a comparable counterweight to incumbent banking distribution models like Bank of Ireland's.

Regional players

• Danske Bank: Nordic universal bank with operations in Northern Ireland. Direct geographic overlap with Bank of Ireland's Northern Ireland branch network and similar product mix (retail, mortgages, business banking) in a comparable regulatory market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat9 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/talktoBOI
• Facebookfacebook.com/BankofIreland
• LinkedInlinkedin.com/company/bank-of-ireland

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds7 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments33 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank of Ireland