Tuesday 20 March 2018

Eggs thrown at BoI executives as tempers flare at AGM

Richie Boucher: Narrow escape from egg thrower. Photo: Gerry Mooney
Richie Boucher: Narrow escape from egg thrower. Photo: Gerry Mooney
Bank of Ireland chairman Pat Molloy. Photo: Frank McGrath

Independent.ie reporters

Bank of Ireland’s chief executive Richie Boucher and chairman Pat Molloy narrowly missed an egg-throwing mission by a disgruntled shareholder at an annual general meeting earlier today.

They were thrown by shareholder Gary Keogh from Blackrock, Co Dublin who had also thrown eggs at Allied Irish Bank’s AGM in 2009.

Mr Keogh was escorted from the meeting by security after the incident.

Throwing the eggs had helped “bring his blood pressure down”, Mr Keoghlater told reporters.

Mr Molloy said the environment for the group remained difficult, but he said there were indications the economy has stabilised.

He said progress has been made to make BoI more focused, but factors outside its control had affected the bank.

He added that losses on loans transferred to NAMA were higher than anticipated.

Mr Molloy said the bank's costs had been reduced by 17pc since 2008, with staff numbers down by 2,400 or 14pc and further redundancy programmes under way.

He also said the group's total loan book has been reduced by 20pc since September 2008.

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