Wednesday April 8, 2020

BoI’s pension deficit double market cap

Bank of Ireland’s pension deficit is now more than double the bank’s total market capitalisation, following a sharp fall in its share price in recent days.

21st February, 2009

Bank of Ireland’s pension deficit is now more than double the bank’s total market capitalisation, following a sharp fall in its share price in recent days.

The bank, whose chief executive Brian Goggin is to retire soon – a year ahead of schedule – said earlier this month that its pension deficit had ballooned to €700 million at the end of December. This compared with a market capitalisation of just €338...

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