Die Bank of Ireland (WKN 853701, Aktien-Kürzel BIR, ISIN IE0030606259) ist die grösste irische Bank mit 180 Mrd. Euro Bilanzsumme im Quartalsbericht per 30.6.2010 und knapp 3 Mrd. Euro Börsenwert. -------------------------------------------------- Ireland considers "overcapitalising" banks-regulator DUBLIN | Mon Nov 22, 2010 7:51am EST Nov 22 (Reuters) - Ireland is considering "overcapitalising" its banks to alleviate concerns about potential future losses within the beleaguered sector, the country's financial regulator said on Monday. Matthew Elderfield said a "standby contingent capital facility" could be used to provide a backstop to Ireland's banks. "In addition, immediate additional capital injections could also be made to make faster progress to full compliance with new international standards," Elderfield said in a speech to the Association of Compliance Officers in Ireland. Elderfield also said the most recent data on loan losses suggested that existing capital levels were adequate. "It is clear, however, that market expectations on bank capitalisation have risen globally." (Reporting by Carmel Crimmins; Editing by Andrew Callus) http://www.reuters.com/article/...me=governmentFilingsNews&rpc=43 -------------------------------------------------- The Irish Times - Montag 22. November 2010 Keine Einschränkungen bei der Kreditvergabe an kleine Unternehmen rentabel, betont der Bank of Ireland http://www.irishtimes.com/newspaper/finance/2010/...224283833619.html -------------------------------------------------- Bank of Ireland: Neue Spekulation + Kauflimit setzen die Aktie auf die Watchlist und geben ein vorsichtiges Kauflimit für 10.000 Aktien zu 0,51 Euro an der Börse Frankfurt. Haupthandelsplätze der Aktie sind die Börse Dublin und die Börse London. Wir planen demnächst einen ausführlichen Bericht. http://list.be3a.com/...12792.1436366657124187862.at&webversion=1 -------------------------------------------------- Europa stützt Irland mit Milliardenhttp://www.tagesschau.de/wirtschaft/irland238.html -------------------------------------------------- Kursziel von Goldman Sachs ca 7,50 Dollar Analysis: Bank of Ireland seen set to rule the roost http://www.reuters.com/article/idUSTRE6AA41A20101111 By Matt Scuffham DUBLIN | Thu Nov 11, 2010 12:25pm EST DUBLIN (Reuters) - Bank of Ireland looks set to emerge as the dominant force in Irish banking, with any overseas investment in rivals unlikely to materialize until fears are allayed over the country's economic recovery. With Allied Irish Bank, once Ireland's biggest company, now facing majority state-control and foreign lenders baling out of the Irish market, Bank of Ireland has an unprecedented opportunity to seize control, analysts say. "It is the natural winner. There's a fundamental opportunity there," said Collins Stewart analyst Gary McCarthy. "It has the strongest capital position and can capitalize on the problems that the (domestic) competition have as well as international competition having left their banking franchises behind." In a research note last month Goldman Sachs put an implied valuation of 7.4 billion euros ($9.7 billion) on the stock based on forecast 2013 earnings. That is almost three and half times its current market value of 2.2 billion euros. "On our estimates BOI is well placed to take advantage of eventual macro recovery and its current valuation of 3.6 times recovery earnings (2013) offers meaningful upside," it said. Goldman Sachs has a 'buy' recommendation on Bank of Ireland but a 'neutral' recommendation on Allied Irish Banks where it sees limited upside for the bank's near-term share price performance given that the state is expected to take a stake of over 90 percent by underwriting a 5.4 billion-euro rights issue. Goldman Sachs said Allied Irish Banks trades at between six and nine times its forecast recovery earnings for 2013 while European banks on average trade at nine times 2011 earnings and 6.5 times their 2012 earnings. The problem in the short-term is the Irish economy and future prospects for all Ireland's banks will depend upon how effective austerity measures prove in shrinking the European Union's worst budget deficit. Both Bank of Ireland, in which the government holds a 36 percent shareholding, and Allied Irish Banks are expected to primarily focus on their domestic operations in retail and corporate lending. But AIB will be hampered in the foreseeable future by its continued reliance on government support. "You've got a duopoly where one (AIB) is pretty badly handicapped because of the position it is in. Bank of Ireland (in contrast) is open for business. They don't have as much political interference," said Collins Stewart's McCarthy. Bank of Ireland did not require any additional capital from Ireland's Department of Finance when the latest measures to support the country's financial sector were announced at the end of September, unlike its rivals. Ireland has now committed nearly 20 percent of its GDP to propping up the financial sector as it looks to unravel years of reckless lending during the go-go years of the "Celtic Tiger" economy. The banks themselves have inflicted huge damage on public finances having left the taxpayer with a bill of up to 50 billion euros or over 11,000 euros per head of Ireland's 4.5 million strong population, to clean up their bad debts. Shares in Bank of Ireland slumped to their lowest level in over 18 months this week with Ireland's central bank governor conceding that the sector's huge recapitalization programme had failed to allay concerns over Ireland's financial stability.
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