Bank of Ireland Shares Gain as CEO Sees Reasons For Optimism
- Lender to start new voluntary job cuts program to reduce costs
- CEO says feeling marginally more optimistic about economy
A customer uses an automated teller machine at a branch of the Bank of Ireland Group Plc in Belfast.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Bank of Ireland Group Plc shares rose the most in almost two months, as the lender’s CEO suggested the economy is proving more resilient than expected in the face of the coronavirus outbreak.
The company’s shares rose as much as 11% in Dublin to 2.04 euros, the highest level since June 8, giving Ireland’s biggest lender a market value of 2.2 billion euros. The shares traded at 1.95 euros as of 9:55 a.m.