Tuesday 24 October 2017

Lenihan confident AIB can follow similar path to Bank of Ireland

Finance Minister Brian Lenihan said he has "every confidence" Allied Irish Banks Plc can be dealt with in a similar way to Bank of Ireland Plc.

“I have every confidence that Allied Irish Banks and the Educational Building Society can be dealt with along lines which ensure that similar, not necessarily identical, arrangement are arrived at, which will protect the taxpayer and put these banks on a sound commercial basis,” Lenihan said in an interview with RTE radio today.

Bank of Ireland said it will try to raise as much as €3.4bn to fill a capital shortage as bad real-estate debts surge.

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