Bank of Ireland is profitable and adding to its capital reserves, according to its latest interim management statement, released at yesterday’s annual general meeting.

High farce and drama unfolded at Bank of Ireland’s AGM yesterday as shareholders rounded on the board for the collapse in the bank’s share price over the past few years as well as billions in losses.

Bank of Ireland’s net interest margin improved over the second half of last year to average 1.34% for the six months, according its interim management statement.

The haughtiness, the hubris, the sense of entitlement shown by executives at yesterday’s Bank of Ireland AGM was offensive.

The Finance Minister has been criticised for failing to oppose the pay of the head of Bank of Ireland.

Ministers must step in to halt “obscene” pay increases at bailed-out banks, opposition TDs have insisted.

Bank of Ireland chief executive Richie Boucher’s total remuneration increased by 1.44% to €843,000 last year, according to the company’s latest annualreport.

Those distinguished former Bank of Ireland governors must be turning in their graves.

Representatives of two of the five investment firms which bought into Bank of Ireland last summer have taken seats on its board.

Bank of Ireland has announced the appointment of Archie Kane as Governor Designate with immediate effect.

A call for a joint inquiry into the takeover of Halifax Bank of Scotland by Lloyds TSB will be made today by the Scottish Liberal Democrats.