Bank of Ireland has completed the sale of its Bristol & West branch network to the Britannia Building Society for a £150 million (€ €218 million) following British High Court approval of the deal.
Details of the transaction were previously announced in May. The profit on disposal of the branch network is expected to amount to approximately €175 million after tax.
Bank of Ireland has retained the Bristol & West mortgage business which will remain one of Bank of Ireland's three strategic priorities for growth in the UK.
