Future strategy of BoI will be very different, says chief executive Soden

BANK of Ireland's future strategy will be radically different from the audacious bid for Abbey National in the UK.

In the future, takeovers will range from €500m to €2 billion dramatically short of the €7-8bn represented by the move on Abbey National.

Bank of Ireland chief executive Mike Soden said he made no apologies for trying to take over a bank substantially bigger than BoI.