Boi did exceptionally well today and hopefully that wll be rewarded when markets open.. The only bit of negative comment I found was the bloomberg comment I posted below. The rules they talk about don't apply for some time yet but it's something boi can address quietly over time. It will be interesting to see the analysis over the week because the tests will give the smart guys plenty of ammunition to compair one bank to another.
What boi has heavily in its favour is the markets it opperates in. Not only is it sound and profitable but it does its business in the fastest growing economy in Europe and with a major foot in the UK as well. Friday morning will also be worth watching. I would expect an extremely upbeat assessment of where the bank is at and if it gives guidance for FY2014 it will be for eirher beating expectations or the upper end of them at the very least.
To pass in the EBA’s baseline three-year scenario, which followed European Commission economic forecasts, a bank’s ratio of common equity Tier 1 to risk-weighted assets had to remain above 8 percent. In the adverse scenario, which included a hypothetical recession and bond-market collapse, the pass mark was 5.5 percent. The results are based on banks’ balance sheets at the end of 2013.To clear the stress-test thresholds, some banks made liberal use of instruments, whose admissibility as core capital will be gradually phased out under the EU’s Capital Requirements Regulation.While on average banks’ core 2016 capital level in the stress tests was 8.5 percent, this would have dropped to 7.6 percent had a fully loaded definition of capital been used.
Banks that passed the stress tests, and whose core capital level would have fallen below the 5.5 percent pass mark had a fully-loaded capital definition been used, include Greece’s Alpha Bank AE (ALPHA), Bank of Ireland and Raiffeisen Zentralbank Oesterreich AG, the main shareholder of Austria’s Raiffeisen Bank International.
Bank of Ireland (BKIR)’s capital ratio plunges to 2.9 percent from 9.3 percent, while Spain’s Liberbank SA sees its ratio fall to 2.9 percent from 5.6 percent.
we worth doing a comparison compared to Itakian , Greece , Portuguese, banks . The bank of Ireland looking very solid - and it's in much better shape than the UK banks too . Plus Ireland has really lifted in the last 6 months !!!! Go on !!!! The results will boost things GLA .
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