BoI reassures on dividend despite H1 profits fall
IT investment and sterling effects hit last set of figures under Boucher
Bank of Ireland has reported a pre-tax profit of €455m for the first six months of this year, down from €557m a year earlier.
The figures round off a busy week of results from the Irish banking sector, after Permanent TSB share price slump on Wednesday and themore positive reaction to AIB’s results on Thursday.
The results are the last set of figures to be released under the leadership ofdeparting chief executive Richie Boucher, who confirmed that bank expected to resume dividend payments “at a modest level” in the first half of next year. The bank has set aside €70m for the pay-out.
