Richie Boucher: ‘Any psycho can keep cutting costs but recovery requires us to invest’

“Any psycho can keep on cutting costs,” according to Bank of Ireland CEO Richie Boucher who said the bank was trying to balance cuts with investment to sustain the recovering Irish economy.

Addressing the Cork Chamber business breakfast, Mr Boucher said the bank was committed to maintaining a branch presence at every centre of commerce in Ireland.

The bank has radically transformed the number of staff but in stark contrast to its rivals, it has invested in its branch network instead of shutting branches in smaller towns.