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Bank of Ireland Says Margin Goal ‘Challenging’ as Loss Soars

Bank of Ireland Plc Chief Executive Officer Richie Boucher said his 2014 target of rebuilding margins from lending “looks very challenging” as the nation’s largest lender reported its first-half loss more than doubled.

The pretax loss widened to 1.26 billion euros ($1.55 billion) from 556 million euros in the year-earlier period, the Dublin-based lender said in a statement today. That was worse than the 899 million-euro median estimate of three analysts surveyed by Bloomberg. The lender’s shares declined.