Bank restructuring

31 March 2011
share post tweet

Main points of Bank Restructuring

  • A total of €24bn needed for Irish banking system
  • AIB and EBS to be merged
  • AIB will need €13.3bn
  • Bank of Ireland will need €5.2bn
  • EBS will need €1.5bn
  • Irish Life & Permanent will need €4bn

This will leave the the following banking scene

  • AIB combined with the smaller EBS Group
  • Bank of Ireland
  • Permanent tsb
  • Ulster Bank Group
  • KBC
  • National Irish Bank
  • Rabo

Main banks are expected to reduce in size through sale of non core assets.

 

back