Bank of Ireland's outgoing chief executive Mr Maurice Keane has made a paper profit of almost €471,000 after exercising share options.

Mr Keane bought 110,000 shares at an option price of €5.75 - compared to the €10.03 price in the market. After the purchase, Mr Keane owns 1.19 million Bank of Ireland shares and these have a current value of almost €12 million.