Tuesday, November 12, 2013 3:37:04 AM
The septugenarian took a 9.9% stake in the bank two years ago alongside a consortium of other US and Canadian investors.
In total the group bought just under 35% of Bank of Ireland, keeping it out of public ownership.
Asked in a Bloomberg TV interview what his "best bet" had been in recent years he said: "I think BOI is turning out to be a very good investment. The stock is up about 80% since we helped privatise it".
Mr Ross said he was confident the approach Bank of Ireland had taken to dealing with mortgage arrears was correct and had helped the bank deal with indebted borrowers more effectively than some of its peers.
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM