Irish Capital Injection for Irish Banks
Published / Last Updated on 21/12/2008
Irish Capital Injection for Irish Banks
The Irish Government has announced plans to inject cashflow capital into the country's three biggest banks.
Allied-Irish Bank, the Bank of Ireland and the Anglo-Irish Bank will receive €5.5bn in return for shares.
- €2.0bn each to Bank of Ireland and Allied Irish Bank for a 25% shares holding in each and returns of 8% pa dividend preference return.
- €1.5bn to Anglo-Irish in return for 75% shares with an annual fixed dividend to government of 10%.
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