Lenihan to suspend bank bailout funds until after election

Brian Lenihan said today that the Government is to postpone further capital injections for AIB, Bank of Ireland and the EBS Building Society until after the General Election.

Brian Lenihan said today that the Government is to postpone further capital injections for AIB, Bank of Ireland and the EBS Building Society until after the General Election.

The news comes after the Chairman of Anglo Irish Bank said earlier today that Anglo would need another €15bn.

Fine Gael leader Enda Kenny said that if Fine Gael is in Government, they will not give another cent to Anglo Irish Bank.

However, Mr Kenny said that any money committed to Anglo would be paid and more could go in, if bond holders cut a deal.

"When we get clarity on this obviously a figure can be determined as to what the bond holders should share in that regard," he said.

Ireland’s Central Bank confirmed earlier today that AIB, Bank of Ireland and EBS were continuing to meet their minimum capital requirements.

In a statement, Bank of Ireland said that it "continues to work actively, with its advisors, on initiatives to meet regulatory capital requirements through a combination of internal capital management initiatives, support from existing shareholders and other capital markets sources."

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