Bank of Ireland says no current need for rights issue

Related Topics

Quotes

   

DUBLIN, July 3 | Fri Jul 3, 2009 12:10pm BST

DUBLIN, July 3 (Reuters) - Bank of Ireland (BKIR.I) said on Friday it had enough capital at present but the question of a rights issue was always under review.

"We believe we are adequately capitalised right now bearing in mind the projections we have given," outgoing chairman Richard Burrows told the company's annual general meeting.

"The question that you have raised about a rights issue is something that is always under review but for the moment we believe we are adequately capitalised."

(Reporting by Carmel Crimmins; Editing by David Cowell)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.