Pre-tax losses at BoI double to €1.25bn in first half

Pre-tax losses more than doubled to over €1.25bn at Bank of Ireland during the first six months of this year.

That interim loss figure was up from a tally of €556m for the first half of 2011.

Similarly, impairment charges — those which are set aside to cover underperforming loans — rose by nearly €100m, year-on-year, to €941m.