Irish banks will need more capital - Elderfield

Irish Central Bank deputy governor Matthew Elderfield said the country's banks may need to raise up to €4 billion in additional capital in the next six years, Germany's Boersen-Zeitung reported, citing an interview.

30th May, 2012
Elderfield: banks will need more capital

Irish Central Bank deputy governor Matthew Elderfield said the country's banks may need to raise up to €4 billion in additional capital in the next six years, Germany's Boersen-Zeitung reported, citing an interview.

"In the medium term, they will certainly need more capital, simploy because of stricter international capital requirements," Elderfield is quoted as saying. "In the next five to six years, Irish banks may need a further €3 to €4 billion."

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