Brexit effects widen Bank of Ireland pension deficit

Bank says outcome has hit currencies and bond yields

Bank of Ireland update on Brexit fall-out Pic: RollingNews.ie

Bank of Ireland says the fall-out from the outcome of Britain's referendum on EU membership has led to an increase in its pension deficit.

In a trading update, the bank said the deficit in itsdefined benefit pension scheme had risen from €740m at the end of December to around €1.2 billion at the end of June.

The bank said the vote to leave the EU had affectedforeign exchange rates and interest rates, including ...