Pearse Doherty
Question:245. Deputy Pearse Doherty asked the Minister for Finance his position regarding the provision of additional capital to Bank of Ireland, should that bank decide to pursue a new rights issue. [16288/13]
View answerTuesday, 16 April 2013
Questions (245)
Written answers
Bank of Ireland has not indicated to the market or my Department that it has any intention to raise more capital from shareholders at this time. I can, however, confirm for the Deputy that, should Bank of Ireland decide to do so at some point in the future, I would naturally consider the options open to the State in this regard at that time. If the mechanism chosen was a rights issue, any decision in relation to exercise of rights attaching to our current holding would be made having assessed the best interests of the State.