Fundraising drive helps shares to jump by 5%

SHARES at Bank of Ireland jumped 5% yesterday after the bank announced details of its €3.4 billion fundraising drive.

The measures, which will see the state’s shareholding in the bank increase to 36%, sent the shares up, closing at €1.89, resulting in the bank’s value increasing to €2.24bn.

AIB shares increased 4% to close at €1.56.