Pension levy reduces BoI investors' stake by €20m

Investors in Bank of Ireland have seen their stake in the firm fall by almost €20 million as a result of the government's controversial pension levy.

18th August, 2012

Investors in Bank of Ireland have seen their stake in the firm fall by almost €20 million as a result of the government's controversial pension levy.

According to figures from the bank's recently published interim results, stockholders' equity - the claim investors have on assets after all liabilities are paid - fell as a result of payments made under the pension levy.

Millions of euro have been deducted from the pension funds of Irish retirement...

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