I'm not a close follower of individual banks, but I have quite a good impression of Richie Boucher. BoI has fully repaid the state with its bailout funds and the state continues to hold an approx 1bn state in the bank.
Here's what he says about debt write-downs and bang on the money IMO:
"Every concession means someone [else] has to pay . . . We have responsibilities to the people who are meeting their mortgages, to depositors [and] to the people who have given us capital.”
More here..
http://www.irishtimes.com/business/...fends-hard-line-on-debt-forgiveness-1.1789015
Firefly.
Here's what he says about debt write-downs and bang on the money IMO:
"Every concession means someone [else] has to pay . . . We have responsibilities to the people who are meeting their mortgages, to depositors [and] to the people who have given us capital.”
More here..
http://www.irishtimes.com/business/...fends-hard-line-on-debt-forgiveness-1.1789015
Firefly.