Lenihan says cost of State guarantee for Irish banks will amount to at least 10% of their annual profits
Oct 15th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Minister for Finance Brian Lenihan said on RTÉ's Prime Time television programme last night, that the cost of the State guarantee scheme for Irish banks will amount to at least 10 per cent of their annual profits. Also on Tuesday, the Financial Regulator did not rule out public capital support for the Irish banking system.