Bank of Ireland says slowing economic growth continues to adversely impact earnings; Slowdown most pronounced in the Retail businesses in Ireland
Jul 8th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Bank of Ireland today issued an Interim Management Statement in advance of its AGM (Annual General Meeting) later Tuesday, and said that slowing economic growth in its main markets together with global market dislocation, continue to adversely impact its earnings. The slowdown in the overall level of activity and volume growth is most pronounced in the Retail businesses in Ireland.