BoI shareholders give vote of confidence

Bank of Ireland’s shareholders strongly supported the lender’s Eu1.7bn cash call, which closed with a take-up of nearly 95% this week. The Irish state has backed parts of the deal but the result still shows that investors have confidence in Europe’s banks. BoI also sent a strong signal to Allied Irish Banks, which is planning a large cash call later in the year, but can it rely on similar support? Read EuroWeek on Friday.