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Noonan confident about banks

Michael Noonan says he is "pretty confident" about Ireland's banks ahead of the European Central Bank stress tests results that are due on Sunday.

"Things have improved quite a lot in the banks," the Minister for Finance said at an event in Dublin yesterday.

Previously, Minister Noonan said he did not believe Bank of Ireland and AIB will need extra capital after the stress tests and that Permanent TSB would be able to get any capital it needs after the tests from outside investors.

"There's nothing in the pre-discussions that has surprised me," he said.

The public will find out on Sunday how 130 banks from across Europe fared in the stress tests. Banks that fail will have nine months to plug any financial gaps detected.