Irish banks do not need additional capital says Central Bank

Irish lenders don’t need additional capital to meet rules set by the European Banking Authority, a spokesman for the central bank said.

8th December, 2011

Irish lenders don’t need additional capital to meet rules set by the European Banking Authority, a spokesman for the central bank said.

Allied Irish Banks Plc, Irish Life & Permanent Plc and Bank of Ireland Plc were tested by the EBA.

Bank of Ireland’s Core Tier 1 ratio at 30 September 2011, for the purpose of the EBA capital exercise, of 12.9 per cent is 3.9 per cent or €2.7 billion in excess...

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