Bank of Ireland keeps expected bad debt charge at €6 billion: Downside risks may exist; Warns of negative impact on net interest margin
Jul 3rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Bank of Ireland said in its interim management statement published this morning that demand for new lending remains muted resulting in the level of customer lending remaining broadly unchanged from March 31 2009 on a constant currency basis. It has kept the expected 3-year bad debt charge at €6 billion but said downside risks may exist.