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BRIEF-Bank of Ireland announces EU restructuring plan measures
July 9, 2013 / 10:12 AM / in 4 years

BRIEF-Bank of Ireland announces EU restructuring plan measures

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.

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