BOI to repay €1.8bn to State

Bank of Ireland is to repay €1.8bn of taxpayers' money to the state, it announced this morning.

BOI to repay €1.8bn to State
Wed, 04 Dec, 2013 - 07:22

Bank of Ireland is to repay €1.8bn of taxpayers' money to the state, it announced this morning.

Annoucing a capital package to repay some €1.837bn in preference shares bought by the Government in 2009 as part of the bailout, BOI said it would raise €537m through a new share issue and €1.3bn through a sale of the Govt shares to private investors.

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