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BANK OF Ireland does not expect to seek further cash injections from the State according to the five-year restructuring plan submitted to the EU, but expects the Government to remain a substantial shareholder after the reorganisation is completed.

Richie Boucher, the bank’s chief executive, told the Oireachtas finance committee that EU conditions on restructuring plans for lenders across Europe do not necessarily have a “read through” for how it might treat Bank of Ireland.