Friday 24 November 2017

Lender says it can go it alone but global investors won't bet on it

BANK of Ireland's shareholders are poorer than they were a few years ago but their prospects for recouping their losses are marginally brighter than AIB's distressed investors, who have lost virtually all of their investment.

Bank of Ireland is one of the country's oldest companies, having first opened its doors to the public in 1783.

In 1922, it became the Government's official banker and for decades it has been a safe and mostly profitable investment for its more than 60,000 individual shareholders.

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