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Bank of Ireland swings to $261 million loss after COVID-19 charge

FILE PHOTO: Signage is seen outside a branch of the Bank of Ireland in Dublin, Ireland
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DUBLIN (Reuters) - Bank of Ireland lost 241 million euros ($261 million) 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..
Date Published: May 11, 2020
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