BoI shares rise as buyback welcomed

SHARES in Bank of Ireland gained a further 9c to €10.09 in trading yesterday as markets responded to the latest share buyback initiative.

A senior analyst said the best thing Irish banks could do for shareholders was to stay well away from future acquisitions.

Expanding his theme he said: “The only one that has been a real success has been Royal Bank of Scotland’s take over of Nat West and Irish banks are light years behind Royal Bank of Scotland,” he said.