Upheaval 'no threat' to BOI - Crowley

Laurence Crowley has said that the prospect of a takeover bid for Bank of Ireland has not increased despite the recent resignation of chief executive, Michael Soden.

Group strategy would see the bank on the acquisitions trail, the Bank of Ireland governor told a banking conference in London today.

BOI moved quickly to appoint head of asset management, Brian Goggin, to the position of chief executive last week.

This helped steady the market's initial nervousness, with shares trading at around the €10.60 on the ISEQ this morning.

Crowley has also said that he believed the future of the bank's operations in Ireland and the UK are sound.