New ownership structure for two big banks

Move is a result of EU rules aimed at preventing future bank bail-outs

3rd February, 2017
BoI trading in line in Q1. Pic: RollingNews.ie

The EU’s Single Resolution Board (SRB) has advised both banks to set up holding companies which will become their parent companies.

Bank of Ireland said the new ‘HoldCo’ structure may affect its Total Capital and Tier One capital ratios. These are measures of how much of a financial buffer the bank has.

The SRB was set up in the wake of the euro zone crisis, and its aim is to avoid...

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