“In a sign that some of the worst of the lending problems are behind them, Bank of Ireland signaled it wanted to buy back €1.8 billion in preference shares in the bank,” Darby added. “The news followed the announcement that pre-tax losses in the first half of 2013 have more than halved and net interest margins have also improved as Ireland’s biggest lender nears profitability.”
iShares MSCI Ireland Capped Index ETF
For more information on Ireland, visit our Ireland category.
Max Chen contributed to this article.