chief executive Francesca McDonagh. Noting the lender had prospered under her watch over the past five years, he said she had been “instrumental in driving a change in culture within the bank”, seeing through a badly needed IT transformation programme and also “playing a key role in helping customers and the country navigate their way through the recent Covid-19 crisis”.
He could also have mentioned that her stewardship had allowed the State to net more than half a billion euro since last June selling down its stake in the bank from 13.9 per cent to less than 5 per cent now.Inc has got back on its €4.7 billion bailout of Bank of Ireland.
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