Banks ‘don’t need further bailout’

No further bailout of the banks is needed at present, the Government has been advised by the Central Bank.

Finance Minister Michael Noonan yesterday revealed that banks had been given a provisional clean bill of health and said if lenders needed any future injection of funds, it would likely come from the private sector after the country exits the bailout next month.

However, Mr Noonan said the Government was still pursuing support in Europe for the direct retrospective recapitalisation of Irish banks.