Recapitalisation fails to lift the gloom at BoI
Over at Bank of Ireland, any enthusiasm for the recapitalisation was quickly overshadowed by further bad news on the bad debt front.
Over at Bank of Ireland, any enthusiasm for the recapitalisation was quickly overshadowed by further bad news on the bad debt front. A trading statement issued immediately after the recapitalisation had been finalised disclosed that impaired loans could shoot up from €3.8 billion to €6 billion over the next three years.
Brian Goggin, chief executive of Bank of Ireland until his early retirement this summer, told investors that the bank would make a loss for...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine