Larry Broderick, said the deal was "an important milestone on the road to recovery within Irish banking"
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Bank of Ireland staff to receive pay rise and bonus

Bank of Ireland staff, including those in Northern Ireland, are to receive an above inflation pay rise and a bonus.

It is the first pay rise at the bank since 2008.

Around 6,000 staff in Bank of Ireland, including 1,300 in Northern Ireland, will get an increase of 1.75% next month with a further 2% due in January.

BBC News NI Economics and Business editor John Campbell reports.