‘No more capital needed’ for banks

NO further capital injections by the State are necessary in Anglo Irish Bank and Irish Nationwide Building Society (INBS), the Central Bank has said.

The country’s two “wind-down” banks, which will be merged in the coming months, did not form part of the Central Bank’s stress tests in early April.

Finance Minister Michael Noonan said at the time that there was no immediate need for additional capital to be pumped into either institution.