Bank of Ireland is to close 103 branches across the island of Ireland. Francesca McDonagh, group CEO of Bank of Ireland said: “Technology is evolving, and customers are using branches less, year on year on year. It comes as Bank of Ireland reported an underlying loss before tax €374m in respect of last year. Bank of Ireland set aside €1.1bn to deal with bad loans last year, compared to €215m in 2019. The lender said 1pc of the 39,000 payment breaks it granted in Ireland remained outstanding at February 12.

Source: Irish Independent March 01, 2021 07:30 UTC