Bank of Ireland financing construction of 25,000 homes nationwide

5 December 2025 – As Bank of Ireland concludes its 2023–2025 corporate strategy, the Bank today confirmed it is financing the construction of approximately 25,000 homes nationwide through debt and equity funding.

Construction is underway at over 240 sites across the country, with projects spanning major listed builders as well as regional Irish developers and SMEs. Recent projects include €21 million in finance for Ashcroft Developments, supporting schemes in Louth and Kildare delivering over 400 new homes, and €17.7 million for Lydon to build 176 homes in phase one of a new Skerries, Co. Dublin development.

Bank of Ireland is also a leading funder of student accommodation, with over €700 million now invested to deliver and operate more than 7,000 student beds, helping ease pressure on the wider housing market.

Corporate and Commercial Banking: 2023-2025 highlights

  • Housing: Currently financing the delivery of 25,000 homes nationwide.
  • Lending: Corporate and business portfolios grew by 5% in Ireland last year.
  • Clean energy: Largest green energy investment to date (£98 million) in an offshore wind project powering the equivalent of over half of Scotland’s homes.
  • Education: €94 million in funding for new science, technology, engineering and mathematics (STEM) facilities at higher education campuses across Ireland.
  • Green finance: Tripled the Green Business Loan limit to €1 million for businesses and farmers – and launched our Sustainable Business Coach to support customers with sustainability planning and transformation.

    • John Feeney, Chief Executive, Corporate and Commercial Banking, Bank of Ireland, said:

    “As we conclude our 2023-2025 strategy, Bank of Ireland’s Corporate and Commercial business continues to deliver strong momentum. Housing supply remains a top priority, and we’re committed to supporting the delivery of new homes with €2.5 billion in financing. Beyond housing, we’ve grown our corporate and business lending, made our largest-ever green energy investment, and funded new STEM facilities to strengthen Ireland’s education infrastructure. Looking ahead, our refreshed strategy will focus on more investment, more innovation, and helping customers succeed for the long term. We’re proud to serve as a champion bank for the island of Ireland, supporting our customers’ growth and ambition.”

    Note to Editors

    Bank of Ireland last year increased funding available for new housing by 40% to €2.5 billion, including €1 billion for social and affordable projects. Recent projects include:

    • €25.1 million to support another 110 affordable homes in Mulhuddart, Co. Dublin as part of GEM Construction’s ongoing ‘Church Fields’ development, and a further €14 million facility for 237 homes at ‘The Willows’ in Dunshaughlin, Co. Meath.
    • €35 million financing commitment to support the development of a new 142-unit apartment scheme in Dundalk, Co. Louth by Bluemont.
    • €10.5 million in finance to support the building of 122 new homes in Clonmel, Co. Tipperary by Torca Homes.
    • €21 million to support Ashcroft Developments on schemes in Louth and Kildare capable of delivering over 400 new homes.
    • €17.7 million in financing to support the construction of 176 homes in phase one of a new development in Skerries, Co. Dublin, by Irish family-owned homebuilder Lydon.