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Some "Recovery" - AIB Post 2012 Loss of €3.6 Billion!


Dublin 4

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Overall losses for 2012 rose to €3.6 billion, from €2.3 billion a year earlier.


AIB records full year loss of €3.6 Billion

As the Mortgage Timebomb ticks, Cyprus gets a Black Eye, Grillo growls & Govt talks of a "Recovery" here is more carnage.

Peter Matthews informed a Dail Committee on the 22nd of December that Irish Banks need another €60 Billion recap.

After today's News on top of BOI's Losses etc - how much (if anything) do you think our Banks might need?
 

Morgellons

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If they do need more money what are the chances it will be a Cyprus type job? I think Irish banks are in remission at the moment but will soon become another Euro crisis.
 

Ryan Tubbs

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After today's News on top of BOI's Losses etc - how much (if anything) do you think our Banks might need?
These losses were entirely in line with projections going back two years and have been factored into the Government's recapitalisation plan. How come you didn't mention that?
 

Dublin 4

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They are losses- I've no interest in excuses...

What about Matthews statement- how come you evaded that... :oops:
 
D

Dylan2010

no no no, AIB is the best capitalised bank in Europe apparently......
 

Crazy horse 6

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One day the plebs will wake up and the government will have their hands in depositers bank acconts. It will happen overnight or on a long weekend. No Russian mafia here so will be interesting to see how the media on behalf of FG's PR department spin it.
 

Dublin 4

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You're naughty CH 6 :p
 

ShoutingIsLeadership

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I am not very clued in at these things, but who pays for this 3.6 billion loss? Does anybody pay for it, or is it just something that’s carried on a balance sheet? Presumably the hole left by this loss has to be filled from somewhere? Is this filled by the ECB?

Anybody able to explain all this stuff in non-emotive, straight-forward terms? Without blame.
 

Reck-less

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AIB records full year loss of €3.6 Billion

As the Mortgage Timebomb ticks, Cyprus gets a Black Eye, Grillo growls & Govt talks of a "Recovery" here is more carnage.

Peter Matthews informed a Dail Committee on the 22nd of December that Irish Banks need another €60 Billion recap.

After today's News on top of BOI's Losses etc - how much (if anything) do you think our Banks might need?
Shure that's only less than €10m a day. petunia
 

tigerben

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Sure AIB is a Pillar Bank , just don't stand to close to it, like the foundations of this state it seems to be full of pyrite. But as long as those on top Get their high wages which it seems are needed to attract the best and god forbid they'd be head hunted , all is ok with Noonan.
 

sauntersplash

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Sure AIB is a Pillar Bank , just don't stand to close to it, like the foundations of this state it seems to be full of pyrite. But as long as those on top Get their high wages which it seems are needed to attract the best and god forbid they'd be head hunted , all is ok with Noonan.
Your first sentence there is great. The second one cheapens it a bit though.

Half like.
 

gerhard dengler

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I am not very clued in at these things, but who pays for this 3.6 billion loss? Does anybody pay for it, or is it just something that’s carried on a balance sheet? Presumably the hole left by this loss has to be filled from somewhere? Is this filled by the ECB?

Anybody able to explain all this stuff in non-emotive, straight-forward terms? Without blame.
The Irish taxpayer covers this loss.

In 2010, a series of stress tests were undertaken to see how much capital is required to cover losses at all the guaranteed Irish banks for 2011 to 2013.

Allied Irish Bank was given €13.3 billion of capital by the Irish taxpayer in March 2011 to cover losses already accumulated and losses for the period 2011 to 2013.
 

ShoutingIsLeadership

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The Irish taxpayer covers this loss.

In 2010, a series of stress tests were undertaken to see how much capital is required to cover losses at all the guaranteed Irish banks for 2011 to 2013.

Allied Irish Bank was given €13.3 billion of capital by the Irish taxpayer in March 2011 to cover losses already accumulated and losses for the period 2011 to 2013.
So no additional capital is needed?
 

Aindriu

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One day the plebs will wake up and the government will have their hands in depositers bank acconts. It will happen overnight or on a long weekend. No Russian mafia here so will be interesting to see how the media on behalf of FG's PR department spin it.
I see that coming in the not too distant future. Beware is all I can say.
 

Analyzer

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This is a disaster.
 

Grumpy Jack

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They are losses- I've no interest in excuses...

What about Matthews statement- how come you evaded that... :oops:
You are obsessed with this Mathews statement.

But why has Mathews not repeated this claim?

Why has Mathews not outlined why he believes this to be so?

Why has Mathews not given evidence to back up his belief?

Why has the media not followed this up?

Why have no economists followed this up?

Why have no opposition TDs or parties followed this up?

If the banks need ANY more money it is a big story - never mind the €60bn claim made once to a Dail committee by Mathews, a claim he has yet to repeat or back up with any evidence whatsoever.

If Mathews believes the banks need another €60bn then he should tell us why he believes this and give evidence to back up that belief.

Until then, it is not unreasonable to assume that when he made the claim to the Dail committee he was talking through his hole when he said it and that is why he has not yet backed up his assertion with evidence or repeated it anywhere.
 

goosebump

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This is a disaster.
What's funny about this is the way that posters can lambast AIB for not making money, and then quickly jump onto another thread and lambast AIB for not writing down residential mortgages.
 

goosebump

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Dublin 4

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You are obsessed with this Mathews statement.

But why has Mathews not repeated this claim?

Why has Mathews not outlined why he believes this to be so?

Why has Mathews not given evidence to back up his belief?

Why has the media not followed this up?

Why have no economists followed this up?

Why have no opposition TDs or parties followed this up?

If the banks need ANY more money it is a big story - never mind the €60bn claim made once to a Dail committee by Mathews, a claim he has yet to repeat or back up with any evidence whatsoever.

If Mathews believes the banks need another €60bn then he should tell us why he believes this and give evidence to back up that belief.

Until then, it is not unreasonable to assume that when he made the claim to the Dail committee he was talking through his hole when he said it and that is why he has not yet backed up his assertion with evidence or repeated it anywhere.
Whilst ranting you forgot to ask - why has Enda not rebutted him, pulled him up or why has Pete not recanted.

Yes - I am concerned about the statement going un-retracted & Matthews uncorrected.

Suppose the Mortgage Timebomb is an Illusion too... :roll:

Have you €60 Bees goin spare or something - ya gimp...
 
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