ECB looked at Irish economy falling more off course than any other in single currency area by end of 2025 under adverse scenarios
Band of Ireland, and AIB, have about €60bn of excess deposits with the Central Bank of Ireland earning 3.75% a year. File photograph: The Irish TimesIrish banks, routinely a weak performer in European banking stress tests thanks to the long-lasting effects of the 2008 financial crash, fared better than expected when the latest round of tests was unveiled on Friday.
The European Central Bank looked at the Irish economy falling more off course than any other in the single currency area by the end of 2025 under adverse scenarios. It also fired a hypothetical 28.3 per cent slump in Irish commercial property and 11.1 per cent drop in house prices into it its forecasting computers.
However, Bank of Ireland came through the wringer with a key capital ratio of 11.7 per cent — compared to the 10.4 per cent euro zone average and a still-respectable 10 per cent reading for AIB.The results will, no doubt, embolden the banks when they make their case to regulators about upping returns to shareholders through larger dividends and share buybacks next year.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Vera Pauw critical of FAI over contract delay ahead of final World Cup gameIreland manager is seeking a two-year extension to guide the team into 2025 European Championships
Leer más »
Ireland 0 Nigeria 0: How the Irish players rated - Courtney Brosnan does a Gordon BanksDavid Gorman looks at the performances of Vera Pauw’s side in their final World Cup game
Leer más »