Company Watch: McDonagh strikes a defiant note as she departs the stage

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Francesca McDonagh was last week keen to stress the independence of the bank’s decision-making in the current turbulent climate, but it is trailing rival AIB when it comes to acquiring accounts of migrating customers.

The first set of results that Francesca McDonagh presented after she took the reins at Bank of Ireland were those covering the calendar year 2017.

In her message to shareholders that year, having been in the job just a matter of months, McDonagh sounded an optimistic note about the bank, the wider economy and its emergence from years of turmoil.

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