Lenihan welcomes BoI shareholders’ vote to raise capital

FINANCE Minister Brian Lenihan has welcomed the positive vote by Bank of Ireland shareholders in support for the group’s capital raising.

The bank is to raise €3.4 billion in fresh capital, half of which comes directly from the state and the remainder from the private sector.

The minister said a series of transactions, some of which involve the state through the National Pensions Reserve Fund (NPRF) will be required.