Bank of Ireland to exit US Leveraged Acquisition Finance business

Bank of Ireland Group PLC on Tuesday said it is exiting its US Leveraged Acquisition Finance business following a strategic review.

The Dublin-based bank said the decision has been taken ‘in line with its disciplined approach to capital allocation’.

The loan book, worth €1.2 billion at the end of December 2025, and averaging around €1.6 billion during 2025, is expected to run down over the next three years.

The capital held, worth around 30 basis points of the bank’s common equity tier 1 capital, ‘will be reinvested appropriately to secure long-term value for the group and its shareholders’, the bank said.

Last year, the business contributed around €70 million of net interest income and around €11 million of direct costs.

Bank of Ireland said it will continue to support customers willing to expand to the US or establish operations in Ireland through its foreign direct investment and corporate lending teams.

The group will release its full-year results for 2025 and a strategy update on March 2.

Bank of Ireland shares closed up 0.2% at €15.83 each in London on Tuesday.

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