|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.8500 - 1.9100|
|52 Week Range||1.4100 - 5.8900|
|Beta (5Y Monthly)||9.60|
|PE Ratio (TTM)||2.57|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 07, 2020|
|1y Target Est||N/A|
Bank of Ireland shares rose as much as 10% on Wednesday as signs of recovery from the coronavirus crisis outweighed a first-half pretax loss of 669 million euros ($790 million). Ireland's largest bank by assets put aside 937 million euros mainly to cover likely losses from 105,000 loan repayment breaks for customers hit by the crisis, making up the bulk of what it called a prudent charge of between 1.1 billion euros and 1.3 billion expected during 2020. "We're cautiously optimistic that we're beginning to see green shoots," Chief Financial Officer Myles O'Grady told Reuters, pointing to a 25% year-on-year jump in Irish mortgage applications in July and a 6% month-on-month rise in business loan volumes.
Ireland's Central Bank fined the country's largest lender, Bank of Ireland, 1.7 million euros (1.5 million pounds) on Tuesday for regulatory breaches that caused loss to a client at its private banking arm and also for misleading the regulator. The probe arose from a cyber-fraud incident in 2014 where, acting on instructions from a fraudster impersonating a client, Bank of Ireland Private Banking made two payments to a third party account totalling 106,430 euros, the central bank said. While the client was immediately reimbursed, the fraud was only reported to police at the request of the central bank over a year later.
Bank of Ireland <BIRG.I> lost 241 million euros (211.06 million pounds)before tax in the first quarter after putting aside 266 million euros, mainly to cover 86,000 loan repayment breaks in Ireland and Britain, the lender said on Monday. Ireland introduced stay-home measures at the end of March to slow the spread of the coronavirus, shutting down all but essential services such as supermarkets and banks, and unleashing a six-fold increase in the unemployment rate to 28%. The bank's shares, which have halved in value since Ireland reported its first coronavirus case at the end of February, were 11.1% lower at 1.45 euros by 1010 GMT, having opened slightly up.