Bank of Ireland moves fiscal year

BANK of Ireland has moved the close of its fiscal year back from the end of March to the end of December.

The move, announced by the bank yesterday, not only brings the company into line with the other two publicly quoted Irish banks, in terms of reporting timeframe — AIB and Irish Life & Permanent — but could also simplify its funding endeavours in the short to medium term.

As a result of this move, BoI’s next annual report and set of accounts will cover the nine month period from April 1, 2009, to December 31 last and the results will be reported in late March.