Again bank loss | $2 billion Bank loss | loss in Bank of Ireland | In 9-month loss of $2 billion in Bank of Ireland | Bank of Ireland makes 9-month loss of $2 billion | www.bankofireland.ie

The Bank of Ireland, on Wednesday reported a loss of € 1.47 billion ($ 2 billion) for the last nine months of 2009, as reserve impairment charges of just over € 4 billion in bad loans.

The value of bad loans from the Bank of Ireland was discounted by 35 percent, the bank recorded a loss. In this, the Bank of Ireland was better than other banks, on average, off their bad loans by 47 percent.

Lenihan said the Bank of Ireland needs to raise € 2.7 billion by the end of the year to meet the new capital requirements, and expects to raise a substantial amount from private sources.

Richie Boucher, the Bank of Ireland Group Chief Executive, said he believed that the impairment charges reached its maximum value of loans that will not transfer NAMA.