Bank of America (BAC) - Get Report European executive Nikolaus Naerger said on Tuesday that Dublin is the bank's default option for a new headquarters within the EU following Britain's exit.

However, other options remain on the table, and a final decision has not been reached.

"Dublin is an emergency, default option that we have," Naerger said at an event in Frankfurt.

Other locations Bank of America could move its EU base are Frankfurt, Paris, and Luxembourg.