Bank of Ireland has reported pre-tax profits of €1.013 million for the year to the end of March - marginally down on last year.
However Bank of Ireland Chief Executive, Mike Soden, told RTE Radio that the slump in global stock markets hit its results to the tune of €100m.
Speaking on Morning Ireland, he also said he saw no sign of a downturn in the housing market, adding that he believed it was moving towards a balance between supply and demand.
Asked about plans for major acquisitions following a failed attempt to take over Britain's Abbey National, Mr Soden said he saw no such opportunities at the moment.
