Bank of Ireland will this week clear the way to resume dividends after repaying its remaining €1.3 billion of preference shares.
The repayment of €1.3 billion will take place on Tuesday and completes the steps necessary before the lender can return cash to investors.
Some €3.5 billion of preference shares were injected by the state into the bank in March 2009. The preference shares counted as part of the bank’s capital to withstand losses. In...
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