BoI should not need more government funding: Davy

BANK OF IRELAND refused to comment yesterday on whether or not it is planning a major rights issue in the coming months, nor on whether it may or may not need further state funding.

The non-response followed opinion from a leading stockbroking firm suggesting that the former point has potential, while the latter is not likely to be needed.

In a detailed research note on the bank, issued yesterday, Davy Stockbrokers said that the country’s