Bank of Ireland welcomes the decision by the European
Commission today that the College of Commissioners has given
final approval under the State Aid rules to Bank of Ireland's
2011
Revised Restructuring Plan. Having assessed the State Aid and
Bank of Ireland's 2011
Revised Restructuring Plan, the European Commission is
satisfied that the aid measures and the 2011 Revised
Restructuring Plan are in line with the European Commission's
communications on State Aid to the financial services
industry and as such are compatible with EU rules on State
Aid.
The commitments required to be given by Bank of Ireland under
the 2011 Revised
Restructuring Plan are consistent with those set out in the
Prospectus published on 18 June
2011 and repeated in the Circular posted to Bank of Ireland
shareholders on the same date.
Bank of Ireland continues to make good progress in
implementing the commitments agreed under the 2011 Revised
Restructuring Plan.
Ends.
For further information please contact:
Bank of Ireland | ||
Andrew Keating | Director of Group Finance | +353 (0)766 23 5141 |
Tony Joyce | Head of Group Investor Relations | +353 (0)766 23 4729 |
Dan Loughrey | Head of Group Communications | +353 (0)766 23 4770 |
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Documents associés | |
European Commission approves Bank of Ireland’s 2011 Revised Restructuring Plan [pdf] |