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Bank of Ire. reports loss of 2.1 billion
Monday, March 04 07:47:08
Bank of Ireland results for 2012 show it reported a loss before tax for 2012 of E2.1 billion. This compares to losses of E190m the year before. The bank said the increased loss is due in part to losses on asset sales, redundancy charges, and buying back its subordinated bonds.
The figures also show how in the past four years 5,000 people have left the bank, 700 through parts of the group being sold. It said today that redundancy programmes will continue this year according to RTE News.
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