Press Release: Approval of Bank of Ireland’s Revised Restructuring Plan by the European Commission

The Irish Minister for Finance, Michael Noonan,on 20 December 2011, welcomed the decision of the European Commission to approve the revised restructuring plan of Bank of Ireland under EU state aid rules. Commission approval for the revised plan, the main elements of which were previously announced by the bank on 18 June 2011, confirms its restoration of long-term viability.