Boucher tries to clarify bank’s future moves

BANK of Ireland chief Richie Boucher did his best yesterday to try and clear up many uncertainties surrounding the bank.

Will there actually be a rights issue? How long will restructuring talks with the EU last? Will BoI be able to raise capital in the near-medium term? Will it be able to make payments to reduce the Government’s 25% stake by the end of the year?

Mr Boucher basically confirmed that everything remains up in the air — simply because of there being too many external uncertainties.