Bank of Ireland has announced that it is changing its financial reporting year.
The bank's financial year previously ended on March 31, but the bank said its financial year would now run from January 1 to December 31, bringing it into line with most other banks.
The next set of financial results to be published by the bank will cover a nine-month period from April 1 last year to the end of December.
The change happening means the bank's closed period will be from now until late March, when the nine-month results are issued, but it will then be out of the closed period until the end of June.
In a note, Davy analyst Emer Lang said the change would facilitate any announcements or capital raising deals transactions that the bank may want to make during this period. She said the move also means the bank's NAMA transfers will be reflected in calendar 2010, similar to AIB, as opposed to spanning two financial years.
