Bank of Ireland to raise €3.421bn in equity tier 1 capital; Says Q1 trading conditions in Ireland and UK challenging
Apr 26th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Bank of Ireland today issued proposals to raise €3.421bn in equity tier 1 capital. Separately in an Interim Management Statement, the bank said trading conditions in its core markets in Ireland and the UK in the first quarter (Q1) of the 2010 financial year "remain challenging though economic conditions have recently shown some signs of stabilisation after the substantial fall in economic output from early in 2008."