Bank of Ireland (BKIR.I) launched a 100 million euros ($129.2 million) fund to support renewable energy projects on Monday in line with government requirements under a multi-billion euro recapitalisation programme.
Dublin wants Bank of Ireland and rival Allied Irish Banks (ALBK.I) to support environmentally-friendly investments along with increased lending for first-time house buyers and small businesses in return for injecting 3.5 billion euros into each of them.
Bank of Ireland, the country's largest lender by assets, said it planned a series of initiatives totalling 200 million euros to support environmentally friendly projects such as wind farms.
Shares in the bank were up 6 percent at 0.358 euros at 1000 GMT in line with a rise in financial stocks overseas. ($1=.7738 euros)
