Bank Of Ireland Share Discussion Threads

[cricklewood] 02/12/2013 10:06

Bank of Ireland and AIB have capital "in excess of regulatory requirements", balance sheet assessments carried out by the Central Bank of Ireland have found.

Both banks received the results of the asset quality reviews over the weekend.

The reviews, which included an assessment of asset quality, risk weighted assets and point in time capital on June 30th 2013, were carried out at the request of the EU/IMF as part of the bailout agreement.


The Irish Small & Medium Enterprises Association (Isme) said demand for lending has increased in recent months, while 5 per cent of those quizzed are satisfied with Government intervention in SME lending. Small firms 'denied bank credit'

In a statement this morning, Bank of Ireland said the asset quality review had confirmed the bank had "adequate capital as at 30 June 2013 to meet the requirements determined under the BSA [balance sheet assessment]", and would not be required to raise additional capital.

[bongo bwana] 02/12/2013 10:00

Just look at that chart!

[cricklewood] 01/12/2013 16:38

Strong buy on the chart.


hxxp://www.barchart.com/quotes/stocks/BKIR.LS




Barchart Technical Opinion
More
RESULTS OF 13 POPULAR ANALYTICS
Overall Average: 100% Strong Buy

[leebong] 01/12/2013 14:46

Thanks Crick...here's that news...
SARAH MCCABE – 30 NOVEMBER 2013

IRISH-listed banks rallied for a second day yesterday, after statistics released by the Central Bank showed the country's banks all met recent targets for proposing solutions to struggling mortgage owners.

Irish Independent



Good news for home owners and banks alike...perhaps suggests bank debt is falling creating much more liquidity.

[cricklewood] 01/12/2013 08:32

hxxp://www.independent.ie/business/irish/banks-rally-for-second-day-after-hitting-mortgage-arrears-targets-29796928.html

[cricklewood] 30/11/2013 07:59

TIDMBKIR

RNS Number : 0052U

Bank of Ireland(Governor&Co)

26 November 2013

The Governor and Company of the Bank of Ireland ("the Bank")

2009 Preference Shares

26 November 2013

The Bank notes recent media reports regarding the 2009 preference shares. The Group continues to proactively formulate and assess a range of options in relation to the 2009 preference shares with our assessment of such options carefully taking into consideration our various stakeholders, including the regulatory authorities; such options could include the Bank facilitating a potential sale by the State of 2009 preference shares to private investors and some element of ordinary stock issuance to redeem a portion of the 2009 preference shares.

However, no firm conclusions have been reached and there is no certainty that any transaction will proceed.

Ends.

For further information please contact:

Bank of Ireland
Andrew Keating Group Chief Financial Officer [phone]
Mark Spain Director of Group Investor Relations [phone]

Pat Farrell Head of Group Communications [phone]

Forward Looking Statement

This document contains certain forward looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934 and Section 27A of the US Securities Act of 1933 with respect to certain of the Bank of Ireland Group's (the Group) plans and its current goals and expectations relating to its future financial condition and performance, the markets in which it operates, and its future capital requirements. These forward looking statements can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as 'may,' 'could,' 'should,' 'will,' 'expect,' 'intend,' 'estimate,' 'anticipate,' 'assume,' 'believe,' 'plan,' 'seek,' 'continue,' 'target,' 'goal,' 'would', or their negative variations or similar expressions identify forward looking statements. Examples of forward looking statements include among others, statements regarding the Group's near term and longer term future capital requirements and ratios, loan to deposit ratios, level of ownership by the Irish Government, expected impairment charges, the level of the Group's assets, the Group's financial position, future income, business strategy, projected costs, margins, future payment of dividends, the implementation of changes in respect of certain of the Group's defined benefit pension schemes, estimates of capital expenditures, discussions with Irish, UK, European and other regulators and plans and objectives for future operations.

Such forward looking statements are inherently subject to risks and uncertainties, and hence actual results may differ materially from those expressed or implied by such forward looking statements. Such risks and uncertainties include, but are not limited to, the following: concerns on sovereign debt and financial uncertainties in the EU and in member countries and the potential effects of those uncertainties on the Group; general economic conditions in Ireland, the UK and the other markets in which the Group operates; the ability of the Group to generate additional liquidity and capital as required; the effects of the 2011 PCAR, the 2011 PLAR and the deleveraging reviews conducted by the Central Bank and any further capital assessments undertaken by regulators; changes in applicable laws, regulations and taxes in jurisdictions in which the Group operates particularly banking regulation by the Irish and UK Governments; the impact of further downgrades in the Group's and the Irish Government's credit rating; the impact of any exit arrangements by the State from the EU / IMF programme; the availability of customer deposits at sustainable pricing levels to fund the Group's loan portfolio and the outcome of the Group's disengagement from the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 (ELG scheme); development and implementation of the Group's strategy, including the implementation of the Group's revised EU Commission restructuring plan; competition for customer deposits and the Group's ability to achieve estimated net interest margin increases and cost reductions; property market conditions in Ireland and the UK; the performance and volatility of international capital markets; the potential exposure of the Group to various types of market risks, such as interest rate risk, foreign exchange rate risk, credit risk and commodity price risk; the continued implementation of the Irish Government's austerity measures relating to the financial support package from the EU/IMF; the exercise by regulators of powers of regulation and oversight; the effects of the Irish Government's stockholding in the Group (through the NPRFC) and possible increases in the level of such stockholding; the outcome of any legal claims brought against the Group by third parties or legal or regulatory proceedings or any Irish banking inquiry more generally that may have implications for the Group; the potential requirement for further contributions to the Group pension schemes; potential deterioration in the credit quality of the Group's borrowers and counterparties; the impact of the implementation of significant regulatory developments such as Basel III, Capital Requirements Directive (CRD) IV and the Recovery and Resolution Directive; implications of the Personal Insolvency Act 2012 for distressed debt recovery and impairment provisions; and the Group's ability to address information technology issues.

Nothing in this document should be considered to be a forecast of future profitability or financial position and none of the information in this document is or is intended to be a profit forecast or profit estimate. Any forward looking statements speak only as at the date they are made. The Group does not undertake to release publicly any revision to these forward looking statements to reflect events, circumstances or unanticipated events occurring after the date hereof. The reader should however, consult any additional disclosures that the Group has made or may make in documents filed or submitted or may file or submit to the US Securities and Exchange Commission.

.

[kemorkid] 29/11/2013 21:41

I feel the best has yet to come.
Just look at unemployment decline and house price rise inROI {bubble excluded}
These in 5 years could be 3-5 euro.
I continue to buy these with whatever spare mula I have but I will only suck diesel for ............... BKIR followers.
have a nice W/e all and hopefully look forward to 30c next week/Monday!

KK

[cricklewood] 29/11/2013 18:34

Today at 1:30 PM





Bank of Ireland rating affirmed • 8:29 AM
•"Reflect(ing) our belief that Bank of Ireland (IRE) is making steady progress to return to profitability on an ongoing basis, and that its funding and liquidity profiles are normalizing," S&P affirms its BB+/B rating on the lender.
•Notable, says S&P, is the bank's boosted net interest margin (thanks to lower funding costs) which should lead to significantly higher net interest income this year and higher still in 2014.


>
•Earlier this week, the bank hinted it may sell common stock to help repay €1.8B of state-owned preferred shares. The cost of redeeming these shares is set to jump by 25%, or €450M in March under the terms of its bailout agreement.
•The stock is ahead by 2.7% In the premarket.



More news

http://www.irishtimes.com/news/ireland/irish-news/concern-over-mortgage-solutions-offered-to-distressed-borrowers-1.1611959

[leebong] 29/11/2013 16:42

Willjam- look to the future as the past is over and finished....I'm expecting this stock to do really well next year with some light relief from recession and prosperity looking like to return to the Irish economy. Expecting 2 euro a year from now and an announcement about a return to starting dividend payments in Q2/14.

[willjam] 29/11/2013 15:54

I was looking for 28c end of Nov and 30c end of Dec so am a little surprised
at sudden jump, cant see any rational, other than the Irish Economy is certainly starting to get active again

I still think 30c is achievable for end of year but personally feel if it hits 50c next year that will be as good as it gets

Long term different story but my average is between €6.3 and 7c is around 43c so I think 50c is my out

[leebong] 29/11/2013 15:12

Cricklewood - just topped-up with 100,000 of these....lets rock and roll all the way to multi euros and a dividend announcement for next year after the preference share issue clears....money orbit early 2014 imo.

[leebong] 29/11/2013 14:02

CRICKLEWOOD...TRY MOTORING...LOL...:-)...BKIR STYLE...HAHAHA...ALL THE WAY TO THE BANK....HMMM

A multi euro stock in the making with future dividends.

[cricklewood] 29/11/2013 11:30

Moneybags , I wont be selling either at this side of a euro at least.




That's what I like to see plenty of diesel being sucked and burned.

[moneybags] 29/11/2013 10:45

bring on 2014.......

The last share I would sell bkir


Regards, Moneybags

[leebong] 29/11/2013 10:27

Nice rise again to 28c...perhaps we will soon see 30c...now that the preference share problems are going to be resolved, unemployment falling and bank debt falling away as well. 2014 is going to be a game changer for Ireland and BKIR.

[cricklewood] 29/11/2013 09:17

Means

Motoring on and on.


LOL

[boldtrader] 29/11/2013 09:04

crick I dont quite understand is that GOOD or is it BAD ? !!! I've sucked diesel in the past and it aint nice!!! Cheers

[cricklewood] 29/11/2013 08:22

Now we are sucking diesel.

[bongo bwana] 28/11/2013 10:15

Many thanks Cruiser.

[cruiser70] 27/11/2013 21:41

Ire b/o today on NYSE,closed on new 2 yr highs .. that'll put her of the radar of technical traders over there

Already started :) hxxp://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=IRE

[cricklewood] 27/11/2013 21:09

Not BKIR but good banking news all the same.


hxxp://www.independent.ie/business/irish/aibs-duffy-says-bank-will-be-back-in-profit-next-year-29783506.html

[red army] 27/11/2013 16:40

I don't think that any breakout will happen until the news breaks next week re fund raising and results of bank sector report.
Hopefully all will be positive and we can then motor ahead.

[cruiser70] 27/11/2013 14:48

IRE ready to b/o today on NYSE