Huge losses forecast for AIB and BoI

AIB and Bank of Ireland are facing combined losses of €1.6 billion plus over the next two years, a new report forecasts.

Shares in Bank of Ireland and AIB fell significantly following the revised forecasts from leading analysts in Davy Stockbrokers.

As the ISEQ closed down over 0.6%, AIB ended down 6 cents — a fall of 5.57% to €1.09, while Bank of Ireland also fell following the sharp change in forecasts.