Saturday September 19, 2020

Anger at BoI’s €32m profit

Bank of Ireland has pocketed a profit of €32 million from its pension fund’s decision to sell the bank’s headquarters.

2nd December, 2006

Bank of Ireland has pocketed a profit of €32 million from its pension fund’s decision to sell the bank’s headquarters.

The bank struck a deal with the pension fund, which owned the high-profile building on Dublin’s Baggot Street, but sold it for over €200 million earlier this year, which allowed the bank to share in the proceeds of the sale.

The Irish Bank Officials Association (IBOA), the main union...

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