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BoI suffers €20bn run

BANK of Ireland feared a massive withdrawal of deposits would be like "a plague of locusts" on the bank during the bailout process, CEO Richie Boucher admitted yesterday.

The chief said the bank lost €20bn in deposits last year.

"We felt at that stage that no matter what we'd done, all that was missing was a plague of locusts to come and eat all our cash in our safe deposit boxes," he said.