DUBLIN, Jan 11 - Bank of Ireland chief executive Brian Goggin is set to step down shortly amid government moves to inject €5.5bn ($7.40bn) into the country’s three biggest lenders, the Sunday Independent reported.

Bank of Ireland declined to comment on the report, which cited unnamed sources. The Sunday Independent said Goggin, who was appointed group chief executive officer in 2004, was in talks with the bank about his exit. The newspaper said Goggin is likely to step down after the government’s €2bn investment in the bank has taken place, which is expected around March.