Bank of Ireland has indicated that it aims to cut 1,400 jobs from its UK and Ireland operations.
The bank said it had launched a group-wide voluntary redundancy programme.
This would see staff numbers reducing to fewer than 9,000 from a current workforce of 10,400.
In its half year results, Bank of Ireland said Covid-19 had a material impact on its financial performance in 2020.
Irish broadcaster RTE said the bank had earlier reported a loss of €669m (£604m) before tax for the first six months of the year, after putting aside €937m (£845m) mainly to cover losses related to Covid-19 loan repayment breaks.
The banks lists 28 branches in its Northern Ireland network.
Francesca McDonagh, Bank of Ireland CEO, said: “We’re being prudent and comprehensive. Everything has to be seen through the prism of Covid-19.”
The BBC
