Staff, consumers, and shareholders should all benefit from Bank of Ireland profit announcement says FSU

The Financial Services Union (FSU) has described the announcement by Bank of Ireland of €1.855 billion in profits as a testament to the hard work and professionalism of staff and called on the Bank to ensure that staff, consumers, and shareholders all benefit from these extraordinary set of results.

Bank of Ireland have today announced pretax profits of €1.855 billion for 2024.

Commenting on the announcement John O’Connell, General Secretary of the Financial Services Union said:

“The FSU want to see a thriving retail banking sector where graduates want to work and whichbenefits consumers, its employees, the economy and wider society.

That is why we want to retain a  bank branch network, maintain access to cash, support vulnerable people in this ever-changing digital age and  protect and support employees  as we focus on the advancement of artificial intelligence in the  workplace. Today’s results show there is no reason  the Bank cannot commit  to these objectives

Banking staff are professionals who want a career in retail banking but like others need to be adequately rewarded.

We will be carefully studying todays  profits announcement from Bank of Ireland and gauging our members reaction to the variable payment of 3.75% for the majority of employees over the next few days.

The Bank need to explain in detail why when stated targets have been met or exceeded, they have paid less than what was awarded last year.

We will be raising these and other relevant issues with the bank in the coming days.”

ENDS