Brexit may delay Bank of Ireland dividend
Bank reports drop in profits despite strong Irish retail performance
Bank of Ireland has reported has reported pre-tax profits of €557m for the first half of this year, down from €725m in the same period last year.
In a statement, the bank said it was too early to assess the impact of Brexit, but it may affect the timing of its plan to resume paying dividends to shareholders – as well as having a potential effect on new business. The referendum outcome has alreadywidened the bank's pension deficit.
