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AUDIO: Bank of Ireland report a loss of €569m last year

Bank of Ireland has reported a loss of 569 million euro last year. That's down significantly on l...
Newstalk
Newstalk

08.48 3 Mar 2014


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AUDIO: Bank of Ireland report...

AUDIO: Bank of Ireland report a loss of €569m last year

Newstalk
Newstalk

08.48 3 Mar 2014


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Bank of Ireland has reported a loss of 569 million euro last year.

That's down significantly on losses of 1-point-4 billion in 2012.

The bank says mortgage arrears remain a key focus - with eight out of ten of "challenged" mortgages with agreed restructuring plans now meeting repayments.

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And its level of defaulted loans has fallen by 1-point-2 billion or 6 per cent since June 2013.

Bank of Ireland CEO Richie Boucher was speaking to our business correspondent Ian Guider on Newstalk Breakfast this morning:


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