Bank of Ireland has launched a share buy-back programme with a €2.6 million purchase of 275,000 shares.
The purchase, completed yesterday saw the stock secured at €9.5183. The shares will be held as Treasury Stock.
Mr Mike Soden, group chief executive said: "'Today's announcement is the commencement of a rolling share buy back programme and is clear evidence of our commitment to increasing shareholder value.
"These purchases are consistent with the Bank's overall capital management strategy, which seeks to maximise capital efficiency, whilst maintaining prudentregulatory ratios and enhancing the return to shareholders.
We are confident that the share buy back programme will, over time, have a positive impact on both Return on Equity and Earnings per Share which are two key performance measures."
At 2.35 p.m. today Bank of Ireland shares were ahead 40 cents at €10.00.