Allied Irish Banks and Bank of Ireland have agreed terms with the government over a 7 billion euro ($8.97 billion) capital injection into the two groups, the Irish Times said on Saturday. Allied Irish Banks and Bank of Ireland declined to comment on the report, which did not cite sources. A finance ministry spokesman declined to comment. "Any recapitalisation proposal must be considered by the government," the spokesman added.
The Irish Times said final technical details were only agreed on Friday with Bank of Ireland first to sign up to the package. Prime Minister Brian Cowen said on Saturday the government would be finalising arrangements "in the coming days".
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