Bank of Ireland says 2010 underlying operating profit before bad debts expected to be down 35% - 40% on 2009
Nov 12th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Bank of Ireland said today underlying operating profit before bad debts/impairment charges is therefore expected to be circa 35% - 40% lower than the €1.5bn for the 12 months to 31 December 2009, with the reduction driven primarily by lower operating income and the higher cost of the Government guarantees.