EBS says it has received €100m from the Government as part of the plan to recapitalise the building society. This will give Finance Minister Brian Lenihan effective control of the society.
In March, Mr Lenihan said EBS would need a total of €875m to meet targets set by the Financial Regulator.
He said the State would provide €100m by taking new shares in the society. This morning, in a statement ahead of its AGM in Dublin, EBS said it had received the new funds in the form of Special investment Shares.
The Government will provide the rest of the money over a period of years unless EBS can raise money from private investors.
EBS is due to submit a restructuring plan to the European Commission by the end of June.
