So, BoI's paid the Gov't loan back because of their morals. I'm sure it had nothing to do with the huge interest rate hike set to take place April 1st 2014, had they not paid it back by then. It is all in how you spin it.
But behind closed doors is he rubbing his hands together with every bank that pulls out of Ireland Talking of which.... Ulster Bank's future in Ireland is by no means certain at this moment.in time. either.
I had this thought a while ago. Ireland has 3 pillar banks. Two of which are basically 100% owned by the government. If one of those government owned banks was to be dissolved. This would leave Ireland with two pillar banks. In this scenario, I could see BOI surpassing the 20B Market Cap in a few years.
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