Ireland could use NPRF to recapitalise banks

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IRELAND - The Irish government has announced a recapitalisation programme for national credit institutions of up to €10bn (US$13.5bn), which could be funded by the National Pensions Reserve Fund (NPRF).

In a statement, the government said the NPRF resources would support the Irish banking sector, alongside existing shareholders and private investors should the programme be implemented. It added t...

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