Skip to content
Subscriber Only

Irish Banks Need $6.8 Billion of Equity, Analysts Say

Irish Finance Minister Brian Lenihan needs to inject at least 5 billion euros ($6.8 billion) more cash into the country’s two biggest lenders immediately as part of Ireland’s international rescue, analysts said.

Lenihan should also break up the lenders in preparation for a sale and force further losses on subordinated bondholders of Allied Irish Banks Plc, the nation’s second-biggest lender by market value, Bank of Ireland Plc, the largest, and Irish Life & Permanent Plc, the analysts said.