Chief executive lives up to pledge not to hoard excess capital
Myles O'Grady
Bank’s pretax profit for the year rose to €1.94bn from €1.01bn for 2022, with net interest income rising 48 per cent
Sale comes as bank takes more cautious approach to commercial property market
Bank hands seven of its 12-member group executive committee combined 27,995 shares valued €240,337
Lender will continue to offer savings products
Health insurance contributions of up to €1,400 per year for employee also part of package
Lender confirms it expects to pay a bank levy of about €90 million next year, up from €25 million in 2023
Seen & Heard: ‘Devastated’ Tower Trade investors; Lifetime loans a ‘ticking time bomb’; Firm Czechs out of Irish project; Bank of Ireland’s IT meltdown
Minister for Finance warns IT glitches are happening too often at Irish lenders
AIB and Bank of Ireland are making more from the €60bn parked with the Central Bank than from mortgages
Net interest income surges to €1.8bn as bank gets 3.75% rate on surplus deposits lodged with central bank
Russell will also become a member of the bank’s executive committee
Chairman Patrick Kennedy notes Bank of Ireland was the top performing large euro zone bank stock in 2022 with 74% rise in value
Bank has provided ‘compelling rationale’ for the move, says ISS
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