Investor Confidence in Allied Irish Banks, Bank of Ireland Improved

Before you go, we thought you'd like these...
Before you go close icon
The recent European stress tests show that investor confidence towards Irish banks Allied Irish Banks (AIB) and Bank of Ireland (BKIR) has improved, Fitch said.

In its semi-annual review of Irish banks, the rating agency said that this improved investor confidence may strengthen the banks' ability to raise funds, The Irish Times reported.

Funding is "the most important challenge facing Irish banks," Fitch said.

Fitch said Bank of Ireland may return to a normal performance much faster than rivals Allied Irish Banks and Anglo Irish Banks, thanks to a shorter restructuring period.
Read Full Story

Markets

S&P 500 2,343.98 -1.98 -0.08%
DJIA 20,596.72 -59.86 -0.29%
NASDAQ 5,828.74 11.04 0.19%
DAX 12,064.27 24.59 0.20%
NIKKEI 225 19,262.53 177.22 0.93%
HANG SENG 24,358.27 30.57 0.13%
USD (per EUR) 1.08 0.00 0.01%
USD (per CHF) 0.99 0.00 0.02%
JPY (per USD) 111.34 0.01 0.00%
GBP (per USD) 1.25 0.00 0.01%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners