The value of shares in Bank of Ireland closed over 6% lower this evening after a negative reaction to the Government's decision to take a stake of 16% in the bank.
The shares closed at €1.18, down 8c or 6.19%.
The stock fell by almost 11% alone when markets opened.
Some 184 million shares in the bank were issued to the Government today in lieu of a €250m cash dividend due as part of the Government’s €3.5bn bank recapitalisation plan.
However that dividend payment was vetoed by the European Commission.
The shares will now go into the national pension fund.