Advertisement
Singapore markets closed
  • Straits Times Index

    3,176.09
    +4.16 (+0.13%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • Dow

    38,790.43
    +75.63 (+0.20%)
     
  • Nasdaq

    16,103.45
    +130.25 (+0.82%)
     
  • Bitcoin USD

    63,600.02
    -4,286.79 (-6.31%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,724.73
    +2.18 (+0.03%)
     
  • Gold

    2,156.00
    -8.30 (-0.38%)
     
  • Crude Oil

    82.76
    +0.04 (+0.05%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • Nikkei

    40,003.60
    +263.20 (+0.66%)
     
  • Hang Seng

    16,529.48
    -207.62 (-1.24%)
     
  • FTSE Bursa Malaysia

    1,546.57
    -7.07 (-0.46%)
     
  • Jakarta Composite Index

    7,356.56
    +54.11 (+0.74%)
     
  • PSE Index

    6,848.43
    -4.86 (-0.07%)
     

Bank of Ireland raises 2022 guidance after ECB rate hike

By Scott Kanowsky

Investing.com -- Shares in Bank of Ireland Group PLC (LON:BIRG) rose on Friday after the lender raised its annual financial guidance for the second time in less than a month and a half.

In a statement, Ireland's largest bank by assets said it now expects 2022 net interest income (NII) to increase by around 10% compared to the prior year.

That is up from its previous outlook of a jump of approximately 6%-7%, which was also an improvement on Bank of Ireland's prior forecast for "modestly higher" full-year NII.

The announcement comes after the European Central Bank hiked interest rates by 50 basis points on Thursday and warned of more increases ahead to support its bid to curb elevated inflation.

ADVERTISEMENT

Related Articles

Bank of Ireland raises 2022 guidance after ECB rate hike

Faraday Future slides on signaling need for funds to start production

FTX debtors file bidding procedures motion for sale of four businesses