Bank of Ireland said the provision will be updated as part of the group’s full year 2025 financial reporting process.
Bank of Ireland could more than double the provision set aside to deal with the fallout from the UK motor finance commissions scandal, now estimating it could have to pay out about £350 million (€403 million), it said on Monday.
The bank had set aside just £143 million, although in recent weeks admitted it would have to hike the amount after regulators unveiled a planned industry-wide compensation scheme.
The UK Financial Conduct Authority (FCA) estimated the total cost of the red
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