Bank of Ireland reports loss of €7 million in year ended 31 March 2009; Governor resigns; Loan impairment charge rises to €1.4 billion
May 19th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
In the year ended 31 March 2009, Bank of Ireland recorded a loss before tax of €7 million and earnings per share (EPS) of 5.9c. Excluding non-core items, underlying profit before tax is €332 million and underlying EPS is 30.2c representing a decline of 81% and 80% respectively over the prior year. The group loan impairment charge for the year amounted to €1.4 billion. The Governor Richard Burrows announced his resignation.