Brexit – Home

Your business and Brexit

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Brexit – Our Customer Commitment:

At Bank of Ireland, when it comes to Brexit our primary focus is on our customers and how we can help them navigate through the changes brought by Brexit, and plan for the future. We are pleased that a negotiated trade deal has been achieved between the UK and the EU. Our customer commitment remains firm, and we stand ready to support our customers as Brexit continues to unfold.

However, we appreciate that even with a trade deal, Brexit is bringing substantial disruption to some of our customers. We have a number of financial supports in place to help customers with their specific requirements, whether it’s protecting their business from risk or investing for growth and expansion.

Despite the agreement, businesses may still find it helpful to obtain a Comprehensive Guarantee if they are using landbridge or wish to apply for exemptions to VAT or tarriffs in the UK or Ireland, for example, temporary processing relief.

Options such as invoice discounting may help with stresses on working capital. There are also a number of state backed loan schemes such as the Brexit Loan Scheme and the Covid Credit Guarantee Scheme that may be appropriate for certain business adjustments. A potentially significant impact of Brexit is a possible increase in exchange rate volatility. We have a number of foreign exchange options. Bank of Ireland has developed a Currency Risk Guide which provides customers with more information.

There is no change to our products and services in Ireland arising from Brexit. Customers don’t need to take any specific action. However, please talk to us if you have any concerns.

We would like to thank you for your valued business and, as always, we’re here to help.

Latest News

29th January 2021 – Sterling trading at highest level since April 2018. Read more

12th January 2021 – Roisin O’ Shea, Head of Food and Drink at Bank of Ireland, looks at opportunities in the sector post-Brexit. Read more

4th January 2021 – Brexit Deal Update & Sterling Performance Read more

17th December 2020 – Read the latest view of the Brexit impact on Sterling Read more

11th December 2020 – Lee Evans from Bank of Ireland discusses the likelihood of a deal on Brexit on Morning Ireland Read more

13th November 2020 – Preparing your business for the practicalities of Brexit Read more

  • Previous updates

    4th November 2020 - Increased volatility for Sterling Read more

    29th October 2020 - Brexit UK Developments - Corporate Update – October 2020 Read more

    23rd October 2020
    - Brexit Update- FX and Sectors Read more

    13th October 2020 - Sector Developments & Insights Read more

    6th October 2020 - Bank of Ireland Head of Agriculture Eoin Lowry fears that Irish beef will be uncompetitive in Britain in the event of a no-deal Brexit Read more

    24th September 2020 - Read our FX and Sector Team Brexit Update- September 2020 Read more

    10th September 2020 - Euro/Sterling back above 90p and 1.5% higher in recent days as Brexit tensions escalate Read more

    7th September 2020 - Deadline of 15th October set for the UK and EU to reach a trade deal Read more

    21st August 2020 - The Pound performing strongly despite no clear breakthrough in the latest round of Brexit negotiations Read more

    13th August 2020 - Read our Brexit Analysis feature by Lee Evans in Business Plus magazine Read more

    4th August 2020 - Sterling continues to trade on a firm footing particularly against the Dollar and GBP Read more

    23rd July 2020 - Customer Checklist Bank Guarantee for Revenue Read more

    23rd July 2020 - Brexit Update Proposed Tariff Changes Read more

    17th July 2020 - Euro/Sterling is trading just below 91p Read more

    3rd July 2020 - Register for one of our Brexit Webinars launching July 9th Read more

    3rd July 2020 - Sterling holds on to recent gains Read more

    29th June 2020 - Summer months key to path of Brexit Read more

    5th June 2020 - Final round of Brexit talks due to conclude today Read more

    2nd June 2020 - The Pound trading well as reports suggest UK would be willing to negotiate on some areas regarding Brexit Read more

    20th May 2020 - Brexit back in focus Read more

    1st May 2020 - Sterling trades at its best levels against the Euro since the beginning of March Read more

    17th April 2020 - Sterling still holding its recent gains as the market refocuses on the resumption of Brexit negotiations Read more

    9th April 2020 - EUR GBP slips back below the 88p threshold Read more

    19th March 2020 - Sterling plunges against the Dollar and ten year lows recorded against the Euro Read more

    12th March 2020 - Euro/Sterling trading above 88p Read more

    27th February 2020 - Brexit negotiations come back into focus Read more

    20th January 2020 - Sterling on back foot as UK Chancellor Sajid Javid vows EU rules divergence Read more

    6th January 2020 - The Pound under pressure in recent weeks Read more

See more news