Bank of Ireland gears up to pay dividends again
Preference share repayment clears the way for dividends
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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EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year