BRIEF-Bank of Ireland announces EU restructuring plan measures

LONDON, July 9 Tue Jul 9, 2013 6:08am EDT

Related Topics

LONDON, July 9 (Reuters) - Bank of Ireland : * EU restructuring plan update * To exit from great britain based business banking,corporate banking activities, including deleveraging of current businesses * The relevant businesses have gross loan assets of c. E4.6 billion at December

2012 * Will attempt to accelerate the deleveraging of these businesses by way of

sale * Measure does not impact on bank of Ireland's consumer banking businesses in

gb * In Ireland, Bank of Ireland will exit from the origination of new mortgages through its intermediary channel * In Ireland, Bank of Ireland will prolong its market opening measures to 31

December 2016.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.