BoI makes loss of €2.2bn after €1.7bn impairment charge

Bank of Ireland made a pre-tax loss of €2.17bn for 2012 following an impairment charge of €1.72bn on loans.

This compares with a pre-tax loss of €190m for 2011.

However, the bank booked a €1.8bn profit in 2011 on the back of a liability management exercise.