PNO1 it says in the results below that ptsb ct1 is 10.6% and under the bailout terms this as got to rise to 12%.if you look at the figures irish life solvency is 2.4x meaning it is overcapitalised by 640 million,so its going to move 240 million over to ptsb to get its ct1 up to 12% no bailout after stress tests.thats the way i see it,you can only go of what read.DB35 ive looked through the results and i cant find one thing about BTL mortgages in roi.
http://www.rns-pdf.londonstockexchange.com/rns/1410C_-2011-3-1.pdf
ipm ROi mortgage book is owener ocuppied,no BTL,its uk mortgage book is BTL but arrears are low at 2% compared with uk average of 2.6%.i know its not all roses,but guess whos holding the most BTL mortgages in ireland around 25% of the total mortgages the two big irish banks.dont take my word for it dyor.this should recover after the stress tests.this is why it took a big hit today.
http://www.independent.ie/business/irish/many-home-loans-set-to-stay-in-arrears-for-years-2579322.html
if ipm can just muddle through with the life and investment part of the business plugging the holes in ptsb.when the impaiments and loses level of and start to fall this share will fly.just look at the profits of one side of the business nearly as high as the mkt cap.imo gl