Bank of Ireland: Launches €2bn Brexit Fund

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Bank of Ireland: Launches €2bn Brexit Fund

  • Launched €2bn Brexit Fund to help businesses across the island of Ireland prepare for the UK’s departure from the EU
  • The Bank run a series of nationwide Brexit events, aimed at small and medium enterprises
  • The facility designed to support businesses to manage foreign exchange risk
  • Businesses identifying opportunities for investment and growth
  • The budget for the IT project aims to replace all the bank’s legacy systems increased from €900 million to €1.4 billion
  • The bank’s board overseeing a review of early spending and results associated with Project Omega