Banks in Ireland have to raise $43 billion in capital as lending remains dry in the economy, this announcement came after the National Asset Management said it is discounting 47% on the first loans is it purchasing from lenders as a way to provide tranquility in the financial system. Nations continue to seek liquidity as a way to stimulate economic conditions.

The central bank of Ireland is giving Bank of Ireland and Allied Irish Banks a time period of 30 days for them to state how they will raise capital.