Ireland says banks need 24 billion euros more capital

Reuters

DUBLIN (Reuters) - Ireland said its four remaining banks require another 24 billion euros ($34.1 billion) to enable them to withstand potential losses from a worsening of the economy.

Ireland's central bank said under a "stress test" the banks would be required to maintain a minimum capital ratio of 6 percent.

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Under the stressed scenario Allied Irish Banks needs 13.3 billion euros, Bank of Ireland needs 5.2 billion, EBS building society needs 1.5 billion and Irish Life & Permanent needs 4 billion.

(Reporting by Dublin bureau)