Обвалились акции крупнейших ирландских банков

[Elfer]

Акции крупнейших банков Ирландии 29 марта резко упали. Это произошло после того, как в СМИ просочились сведения о том, что правительство страны намерено увеличить принадлежащую ему долю в кредитных организациях. Об этом сообщает Associated Press.

Так, к середине дня акции Bank of Ireland подешевели на 19,7 процента до 1,363 евро за штуку. Ценные бумаги Allied Irish Banks (AIB) опустились в цене на 13,3 процента до 1,205 евро.

Ожидается, что 30 марта министр финансов Ирландии Брайан Ленихэн (Brian Lenihan) заявит о том, что ирландские власти в конечном итоге станут владельцами 40 процентов акций Bank of Ireland и более 70 процентов ценных бумаг AIB. Сейчас государству принадлежат 16 процентов в Bank of Ireland и (не напрямую) 25 процентов в AIB.

Экономика Ирландии пострадала от последствий мирового финансового кризиса больше других европейских стран. В 2009 году ВВП страны сократился на рекордные 7,1 процента, а ирландские банки были спасены от краха только национализацией.

[nexus]

FINANCE Minister Brian Lenihan is going to seize control of the country's biggest bank -- and tell its top executives to leave if they cannot work under the new regime.

His uncompromising stance will kick off a momentous week for Irish banking and the economy, after AIB spent the weekend fighting the Government's plan to take control.

In an address to the Dail on the banking crisis, Mr Lenihan will reveal that taxpayers may have to pump as much as ?16bn into the banks -- among them Anglo Irish -- to keep them afloat.

That is in addition to the ?11bn already spent on propping up the two main banks -- AIB and Bank of Ireland -- and Anglo Irish Bank last year.

The Government will tomorrow signal its intention to take a majority stake in AIB when details of the NAMA discounts or 'haircuts' are also released.

While building society Irish Nationwide will have the worst discount at 60pc, AIB is set to be hit with a discount of up to 40pc, making majority State control all but inevitable.

The NAMA discounts were scheduled to be released today, but last night they were delayed once again by 24 hours. They will now appear on the same day as the minister's speech.

Financial results for Anglo and Bank of Ireland will follow on Wednesday.

The bankers, however, will be relieved to hear that the Finance Minister will not go for full-scale nationalisation.

Mr Lenihan's warning will be a direct challenge to top AIB executives, who are still not behind his plan to take a 70pc stake in the lender.

He may have to deliver his 'state of the nation' speech tomorrow without the support of the bank, unless last-ditch talks are successful.

At the weekend, both sides were at loggerheads, with divisions deepening. Mr Lenihan avoided questions last night over whether he wants further changes at the top of AIB.

However, tomorrow he will adopt an uncompromising stance, saying that if executives cannot live with a government stake of more than 70pc, they have the option to move on.

A source said the bank had still not found a solution and both sides were far apart. It is understood AIB believes the Government is demanding too high capital levels and that it is seeking to impose them too soon. But the Government has been telling the banks the capital levels are set by the Financial Regulator and they cannot force a change upon him.

Discounts

The managing director of AIB, Colm Doherty, warned this month that he would prefer to first try and sell some assets, then do a rights issue. Only then would he turn to the Government for the additional funding.

But the Government is becoming concerned about the length of time it is taking to solve the banking crisis and wants to draw a line under the problem. The scale of discounts AIB's loans are taking has also forced its hand.

Speculation is now rife about whether Mr Doherty will remain in place under a government regime that is likely to hugely curb the bank's independence.

In an interview in the 'Sunday Business Post' yesterday, Mr Lenihan refused to comment on whether he envisaged any further change at AIB as part of the recapitalisation plan.

But the Government is clear that bank executives who are unwilling to live with a new regime may simply depart. A senior government source said yesterday: "I'd assume they may fall on their swords in time."

The Regulator is forcing the banks to hold higher capital buffers because he believes mortgage losses are going to escalate, posing a fresh challenge for bank balance sheets.

While AIB is set to come under government control soon, Bank of Ireland is likely to use a rights issue to limit the State's stake to below 50pc.

- Emmet Oliver Deputy Business Editor

http://www.independent.ie/business/i...s-2115525.html

[ZigZag]

Давно пора взять все крупные банки под госконтроль. Затем сохранить в руках государства функции депозитирования, кредитования, и текущих транзакций, а всё остальное (асет манаджмент, трейдинг, и пр. функции) перепродать в частные руки.

Это позволит государству взять штурвал управления сектором недвижимости (и кредитования) в свои руки, по необходимости то ослабляя то усложная доступ к кредитам и манипулируя ставками по кредиту, добиваясь оптимальной ситуации на рынке недвижимости и в сфере кредитования. Частный сектор никогда не сможет управлять этой сферой так эффективно как это сможет сделать государство.

ZigZag добавил 30.03.2010 в 02:44

Сообщение от Elfer

Экономика Ирландии пострадала от последствий мирового финансового кризиса больше других европейских стран. В 2009 году ВВП страны сократился на рекордные 7,1 процента, а ирландские банки были спасены от краха только национализацией.

Даже если ограничится только ЕС, то и тут ошибка, так как Финляндия и Прибалтика пострадали больше. А в вопросах безработицы ещё и Испания.

[vdc]

Сообщение от ZigZag

Это позволит государству взять штурвал управления сектором недвижимости (и кредитования) в свои руки, по необходимости то ослабляя то усложная доступ к кредитам и манипулируя ставками по кредиту, добиваясь оптимальной ситуации на рынке недвижимости и в сфере кредитования. Частный сектор никогда не сможет управлять этой сферой так эффективно как это сможет сделать государство.

это из сферы сферических коней в вакууме, просто сейчас сильно занят срачом с гослужащими по поводу востановления обрезания им, поэтому буду краток - civil service здесь, это сборище самых некомпетентных и дисциплинированых лентяев. С существующими кадрами государство ничего не сделает. Все что местные кадры могут - это следовать процедурам - думать там никто не умеет, всех думающих профсоюзы вышибли, чтобы не портили карьеры лентяям

[ZigZag]

Сообщение от vdc

это из сферы сферических коней в вакууме, просто сейчас сильно занят срачом с гослужащими по поводу востановления обрезания им, поэтому буду краток - civil service здесь, это сборище самых некомпетентных и дисциплинированых лентяев. С существующими кадрами государство ничего не сделает. Все что местные кадры могут - это следовать процедурам - думать там никто не умеет, всех думающих профсоюзы вышибли, чтобы не портили карьеры лентяям

А зачем набирать в банкиры некомпетентных из сивил сёрвиса? Пусть уже работающие банкиры остаются на своих местах в национализированных банках, но сохранить им рабочие места только с одним условием - они не будут иметь право на профсоюзы и забастовки.

[Deserved]

С таким падением AIB опять за 34 центов продавать будут. За 2 дня больше 50 центов потерял.

[Остап Ибрагимыч]

Сообщение от Deserved

С таким падением AIB опять за 19 центов продавать будут.

Харош панику нагонять

PS 19 сентов - это 95 процентов падения (on Mar 25 - 4.75).

[Deserved]

Сообщение от Остап Ибрагимыч

Харош панику нагонять

PS 19 сентов - это 95 процентов падения (on Mar 25 - 4.75).

Я перепутал с BOI как раз вот +\- год назад такая их цена была

[vdc]

Сообщение от ZigZag

А зачем набирать в банкиры некомпетентных из сивил сёрвиса? Пусть уже работающие банкиры остаются на своих местах в национализированных банках, но сохранить им рабочие места только с одним условием - они не будут иметь право на профсоюзы и забастовки.

У меня наверно проблемы с логикой, если банкиры косячили под абсолтным присмотром государсва, почему они не будят косячить, когда сами станут госслужащими?

[ZigZag]

Сообщение от vdc

У меня наверно проблемы с логикой, если банкиры косячили под абсолтным присмотром государсва, почему они не будят косячить, когда сами станут госслужащими?

Косячило в основном верхнее руководство банков, коих и нужно заменить, а основной персонал честно выполнял свою работу и пострадал от некомпетентности, самоуверенности, и жадности своих боссов.

[vdc]

Сообщение от ZigZag

Косячило в основном верхнее руководство банков, коих и нужно заменить, а основной персонал честно выполнял свою работу и пострадал от некомпетентности, самоуверенности, и жадности своих боссов.

, потому что настроение клеркам удалось капитально испортить, поэтому основной персонал не будем пока трогать, а ограничимся вопросом где взять толковых руководителей

[ZigZag]

Сообщение от vdc

, потому что настроение клеркам удалось капитально испортить, поэтому основной персонал не будем пока трогать, а ограничимся вопросом где взять толковых руководителей

Ну, можем поделить - один банчишко вам, один мне. Авось справимся.

ZigZag добавил 30.03.2010 в 16:53
NAMA to apply discount of 47% on first loans

The National Asset Management Agency is to apply an average discount of 47% on the first loans it will acquire from the five banks involved in the scheme.

The first batch of loans, originally worth ?16 billion, will be bought for ?8.5 billion. The discounts are well ahead of an average figure of 30% estimated by the Government last year.

NAMA completed the first transfer of loans from EBS and Irish Nationwide yesterday. The first Bank of Ireland loans will transfer on April 2, with Anglo Irish and AIB loans going to NAMA by early April.

NAMA said it expected to complete the transfer of all loans by February 2011.

Figures for the individual banks show that NAMA will pay AIB ?1.88 billion for loans worth ?3.3 billion, a discount of 43%, while it will pay ?5 billion for ?10 billion of Anglo Irish bank loans.

The discount for Irish Nationwide is even bigger, at 58%. The figures are 35% for Bank of Ireland and 37% for EBS.

NAMA chairman Frank Daly said its guiding principle had been to safeguard the interests of taxpayers by taking a 'scrupulously objective view' of the value of the assets and the security attached to every loan.

Chief executive Brendan McDonagh said those borrowers whose loans NAMA had taken on wold be given a month to submit a business plan outlining how they planned to pay the money back. He said that, where these plans were not approved, NAMA would take whatever action it thought necessary to protect the taxpayers' interest.

http://www.rte.ie/business/2010/0330/banks.html

The National Asset Management Agency
A Brief Guide

30th March 2010

http://www.rte.ie/news/2010/0330/namaguide.pdf

[vdc]

Кстати если я сегодня решил основной персонал не трогать, то это не значит что другие про него забыли
Thousands of jobs are facing the axe

FEARS for thousands of banking jobs were raised last night as crisis-hit lenders prepare to slash their costs in a critical week for the financial sector.

The Irish Bank Officials' Association (IBOA) insisted cutting staff would be a "short-sighted, knee-jerk response" as it warned major jobs cuts were being considered by some institutions. It previously estimated as many as 10,000 banking jobs were at risk in 2010.

This comes in the wake of large scale lay-offs, including, most recently, 750 job losses at Bank of Scotland Ireland.

"Even though over 6,000 redundancies have either already taken place or have been agreed in the financial services sector in the 18 months since the banking crisis began, there is a serious concern that further major cuts in staff numbers are again being contemplated in some areas," IBOA general secretary Larry Broderick warned.

Глупые и жадные платят дважды - в свое время они от радости плясали, что НАМА прошла

Сообщение от ZigZag

Ну, можем поделить - один банчишко вам, один мне. Авось справимся.

Само приползло тогда можно будет с финансами на форуме обьединять

vdc добавил 30.03.2010 в 17:13
О наме
http://www.nama.ie/Publications/2010...0March2010.pdf

The NAMA numbers (as of March 2010)
• The portfolio size is approximately ?80 billion.
NAMA will acquire some 14,000-15,000 loans.
• The largest 100 borrowers account for
approximately 50% of the portfolio. Some 1,400
other borrowers make up the rest.
• About 67% of NAMA’s prospective assets are
based in the Republic of Ireland and approximately
6% in Northern Ireland. The rest are overseas, with
the bulk of these (approximately 21%) in the UK.
• About 43% of NAMA’s prospective assets are land,
about 26% are development and about 31% are
commercial.

[ZigZag]

Anglo may need another ?18 billion - Lenihan
Tuesday, 30 March 2010 17:42

Finance Minister Brian Lenihan has told the Dáil that the State may need to pump more than ?18 billion into Anglo Irish Bank.

He was outlining how much new capital the banks will need to meet targets set by the Financial Regulator.

The Minister said he was providing ?8.3 billion to Anglo Irish Bank this week, but additional capital will be needed to help it cope with its losses. The current estimate is that this could involve another ?10 billion over time, though there was still uncertainty over this figure.

The ?8.3 billion will be paid over a number of years, reducing the cost to the Exchequer. He said he understood why people wanted to close the bank, but this would involve huge costs to the State, and potential damage to the State. He predicted an exit of the bank from state hands in five to seven years.

The Minister said that what has emerged from the NAMA process is 'shocking', and the losses were 'horrifying'. He said the worst fears about the banking system had been surpassed, and the banks had played fast and loose with the economic interests of this country. But Mr Lenihan said NAMA had carried out its valuations in a 'hard-headed' manner.

Mr Lenihan said AIB would need to raise ?7.4 billion by the end of the year to meet targets. It is to start selling off assets in Poland, the US and Britain to help raise this, but the State will have to take a stake in the bank.

Bank of Ireland will need ?2.7 billion in new capital, but it hoping to meet much if this from private sources.

Irish Nationwide will require ?2.6 billion of new funds from the Government, most of which will be payable over 10 to 15 years, reducing the cost to the State. EBS will need ?875m. The State will provide ?100m by taking new shares in the society, which will give the Government full control.

The Minister said he was ordering AIB and Bank of Ireland to lend ?3 billion each to businesses this year and next year.

The National Treasury Management Agency will manage the State's stakes in EBS and Irish Nationwide, as well as Anglo Irish Bank. Stakes in AIB and Bank of Ireland will continue to be funded and held by National Pension Reserve Fund.

The Minister said he was seeking EU approval for a modified extension of the bank gaurantee scheme, which runs out in September. The extension will not cover subordinated debt.

http://www.rte.ie/business/2010/0330/banks2.html

ZigZag добавил 30.03.2010 в 17:54
Regulator reveals new capital requirements for banks

30/03/2010 - 17:02:33

The Financial Regulator today revealed new capital requirements for some of the main banks covered under the government guarantee scheme.

A review of capital requirements for Allied Irish Bank, Bank of Ireland and EBS has resulted in the Regulator setting out a level of 8% of core tier 1 capital to be attained by these banks by the end of this year.

“This level of capital must be met after taking account of all future losses, from both NAMA and non-NAMA portfolios,” the Regulator said.

“This capital will be principally in the form of equity – a 7% equity requirement.”

The new requirements also mean that banks cannot go below a level of 4% core tier 1 capital in a severely stressed scenario, the Regulator said.

Reviews of capital requirements for Anglo Irish Bank, Irish Nationwide Building Society and Irish Life and Permanent are ongoing.

“These measures are a long term solution and should ensure that Irish banks move to a strong capital position as soon as possible to speed their recovery and that of the economy,” Head of Financial Regulation, Matthew Elderfield said.

“It is important that our banks move to a strong capital position as soon as possible and that we draw a line under the Irish banking crisis. Sufficient capital is an essential ingredient to ensure that banks can withstand future losses. We have applied a robust, realistic and prudent capital standard informed by our own detailed analysis and by emerging best practice internationally.”

“After a period of great uncertainty, these actions and announcements create a secure platform on which confidence will be built. While the costs that are today revealed are certainly significant, they are manageable and affordable for the Irish State,” Central Bank Governor Patrick Honohan said.

“They are certainly a necessary measure to put the banking crisis behind us and provide for a stronger economy.”

The capital requirements set by the Financial Regulator must be in place by the end of 2010. The institutions will be required to submit recapitalisation plans to the Financial Regulator within 30 days.

http://www.breakingnews.ie/business/...ks-452058.html

ZigZag добавил 30.03.2010 в 19:06
Business groups welcome banking plans

30/03/2010 - 18:11:54
Business groups today welcomed the measures outlined by Finance Minister Brian Lenihan to bolster the banking sector as well as details of the first tranche of loads to be transferred to the National Asset Management Agency (NAMA).

NAMA announced today that it has taken over 1,200 loans for ?8.5bn at a 'haircut' of 47% on their ?16bn book value.

Employers’ group IBEC described the plan as a “decisive move towards purging the banking system of bad loans” which was "a key milestone on the way to restoring international confidence in the Irish economy”.

“While the level of public investment required was immense, the definitive nature of the intervention was necessary,” IBEC said in a statement.

"The economy needs a competitive and vibrant banking sector if it is to thrive, expand and create jobs,” IBEC Director General Danny McCoy said.

“Facing up to the full extent of the losses incurred due to the collapse of the property market is a necessary step towards achieving this goal.”

Small business group ISME meanwhile welcomed the announcement by Minister Lenihan obliging banks to increase the level of lending to viable SMEs.

The Finance Minister today instructed Bank of Ireland and AIB to each make ?3bn available for lending to business this year and next.

“The Association demands that the Minister go a step further and ensure that not only will the banks have to increase their lending to the SME sector, but that the bank lending costs are not prohibitive, through interest rate and charge increases,” ISME Chief Executive Mark Fielding said.

“NAMA will eventually lead to a stronger banking sector, but it will also lead to a substantially weakened indigenous SME sector, unless the Government makes good on its commitment to increase bank lending.”

Commenting on the transfer of the first loans to NAMA, Director of the Small Firms Association, Patricia Callan said: “whilst this is a welcome development in the continuing efforts to stabilize the banking sector, it will have no direct benefit to small business lending."

"It is clear that the banks’ ability to lend to small businesses is curtailed at present, not by their own liquidity, but by their risk averseness in deciding to back businesses, which do not live up to the banks’ assessment of “viability”," Ms Callan said.

“When a small business fails, it is not because it runs out of customers, ideas or products. It simply runs out of money. With one in four small businesses in Ireland not getting enough credit, we have a very serious problem."

http://www.breakingnews.ie/business/...ns-452067.html

ZigZag добавил 30.03.2010 в 19:40
National Asset Management Agency - First Loan Transfers

http://www.nama.ie/Publications/2010...nTransfers.pdf

Banks Statement by the Minister for Finance – 30th March, 2010

http://www.finance.gov.ie/viewdoc.asp?DocID=6255

ZigZag добавил 30.03.2010 в 19:43
Credit unions get extended lending limits

http://www.rte.ie/business/2010/0330/ilcu.html

[ZigZag]

Anglo Irish Bank bill could soar

http://www.breakingnews.ie/ireland/a...ar-452071.html

Bank ordered to produce rescue cash billions

http://www.breakingnews.ie/ireland/b...ns-452072.html