B of I chief makes profit

Bank of Ireland shares might have fallen heavily in recent weeks, but chief executive Mr Maurice Keane has still made a paper…

Bank of Ireland shares might have fallen heavily in recent weeks, but chief executive Mr Maurice Keane has still made a paper profit of more than £582,000 (€739,517) after exercising share options. Mr Keane bought 149,126 Bank of Ireland shares at an option price of €1.436 at a total cost of €214,145 (£168,532). These shares are worth €954,406 leaving Mr Keane with a paper profit of €739,665.

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