Bank of Ireland may need further €2bn

BANK of Ireland may need to raise €2 billion of new capital after transferring loans to NAMA, according to analysts at international investment research firm CreditSights.

This news comes as the Irish market finished the week down marginally at 3,455 points and the main two banking stocks on the ISEQ lost some of their post-NAMA bounce from Wednesday and Thursday.

AIB fell just over 2% — or by 7c — yesterday to close the week at €3.30, while Bank of Ireland’s share price finished the week at a price of €3.25; 13c (3.85%) lower than Thursday’s close.