Pursuits
Bank of Ireland CEO Says Home Loan Arrears to Peak in 2012
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Bank of Ireland Plc Chief Executive Officer Richie Boucher said he expects the bank’s home-loan arrears to peak this year and loan-loss impairments will “reduce over time” as the Irish economy recovers.
Shares in the largest Irish lender advanced. The proportion of Irish home mortgages more than 90 days in arrears rose to 5.6 percent at the end of December from 3.76 percent a year earlier, Boucher told reporters today as the bank posted a narrower loss.