Bank of Ireland Group plc (BKRIF.PK), Thursday announced that it continues to assess the full details of the motor finance compensation scheme.
Also, the company will engage in the consultation process over the coming weeks.
Based on its preliminary analysis and the characteristics of the proposed scheme, an increase in the provision is likely to be required which may be material.
Notably, the Group has a strong capital position and continues to be a highly capital generative business.
Currently, Bank of Ireland's stock is trading at $16.40 on the OTC Markets.
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