The Chief Executive of Bank of Ireland has refused to rule out the possibility of the institution needing a further cash injection.
The bank has this morning reported 3.4 billion euro in pre-tax losses last year.
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In a statement to the Irish stock exchange, the bank said it lost over 2.2 billion euro in the sale of its property and land development loans to NAMA in 2010.
But Chief Executive Richie Boucher says despite the challenging circumstances, 95 percent of its mortgage holders are meeting repayments.
And he’s moved to reassure tax-payers that Bank of Ireland is a "good bank":
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