Bank of Ireland reports improving mortgage situation

on 13/11/2012 09:40:00

Bank of Ireland said today that it has seen a slowdown in the rate of homeowners falling behind in mortgage payments.

In a statement this morning, management said that they have continued to formally restructure and modify a significant number of homeloans "on a sustainable basis".

A total of 86% of restructured customers are meeting their revised arrangements, the bank stated.

The bank said that its exposures to the SME sector and its mortgage book in Ireland continue to be key priorities.

It has also revealed that the deficit in its staff pension fund has risen to €1.6bn, which it has blamed on changes in accounting policies.