Bank of Ireland (IRE) posts an operating loss of €907M in H1 vs. a loss of €722M a...

|By:, SA News Editor

Bank of Ireland (IRE) posts an operating loss of €907M in H1 vs. a loss of €722M a year ago. Toss in asset disposals and the loss rose to €1.09B. Net interest margin fell 13 basis points to 1.2%, though the CEO expects it to strengthen from here (even as the ECB cuts rates?). Shares -6.1% in London.