September 29, 2010 / 7:51 PM / 9 years ago

Dublin to pump 2-3 bln euros into Allied Irish Banks -FT

DUBLIN, Sept 29 (Reuters) - Irish Finance Minister Brian Lenihan is expected to inject a further 2 to 3 billion euros of state capital into Allied Irish Banks ALBK.I, the Financial Times reported without naming any sources.

In the text of an interview with Lenihan published on its website, the newspaper said the announcement would be made on Thursday when the government has said it would detail the final costs for winding down nationalised Anglo Irish Bank. [ANGIB.UL]

Allied Irish needs to raise 7.4 billion euros of capital to meet new Irish regulatory demands by the end of 2010 and sold its 70 percent stake in Bank Zachodni BZWB.WA to Banco Santander (SAN.MC) for 3.1 billion euros this month.

The paper also quoted Lenihan as saying that issues around Anglo’s subordinated bondholders “will be addressed” during Thursday’s announcement. (Reporting by Padraic Halpin. Editing by Robert MacMillan)

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