Molloy: We will work with NAMA

NEW Bank of Ireland governor Pat Molloy was quick to express his confidence in the bank’s future yesterday.

Mr Molloy, who was chief executive of the bank in the 1990s, formally succeeded Richard Burrows as the company’s governor /chairman at yesterday’s annual general meeting and didn’t hesitate in putting forward his thoughts on the current shape of the business.

This came as a relief to shareholders, many of whom name- checked him from the floor as seemingly the only man who could turn the bank’s fortunes around.