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Dublin: 3 °C Tuesday 25 February, 2020

Eggs thrown at BOI executives during bank's AGM

Shareholders have been questioning the bank’s performance, with one becoming so irate he threw eggs at the bank’s chairman and CEO in an attack akin to the one he launched at AIB’s 2009 AGM.

File photo of Gary Keogh, who threw eggs at BOI executives during today's AGM.
File photo of Gary Keogh, who threw eggs at BOI executives during today's AGM.
Image: James Horan/Photocall Ireland

A MAN WAS ejected from Bank of Ireland’s AGM in Dublin today after throwing eggs at two of the bank’s executives, chairman Pat Molloy and CEO Richie Boucher.

Dublin shareholder Gary Keogh, 67, who threw eggs at AIB’s former chairman Dermot Gleeson at the AIB AGM two years ago, said afterwards that throwing the eggs helped “bring his blood pressure down”, RTÉ reports.

BOI chairman Pat Molloy told shareholders at today’s meeting that the state’s sovereign debt crisis had caused withdrawals of deposits, but that the outflow from the bank had stabilised. Although conditions remain difficult for the bank, Molloy said that there were signs the economy has stabilised.

The Irish Times reports that BOI shareholders questioned where the €3.6bn raised from shareholders last year had gone. BOI’s shares have fallen by two-thirds of their value since the start of the year. TV3′s Brian O’Donovan tweeted that one BOI staff member told the AGM that she was embarrassed to hear that the bank’s top staff were getting bonuses.

The bank is worth less than one-25th of its peak value four years ago, according to BusinessWorld.

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