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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (28096)9/19/2007 11:09:01 AM
From: - with a K  Read Replies (1) of 78744
 
Looking for a bounce, yesterday I started positions in AIB and IRE. The selling looks emotional and overdone.

FT.com snip:

Emer Lang, analyst with Davy, the largest independent broker, says AIB, Bank of Ireland and Anglo Irish bank depend less on wholesale funding for their lending book than other European banks.

For AIB the figure is around 44 per cent, Bank of Ireland 46 per cent and Anglo 36 per cent. Irish Life & Permanent is the only institution that appears out of step, with two-thirds of its loan book funded by wholesale lending.

This compares with 50 per cent at French banks, an average of 66 per cent for German banks and 45 per cent for UK banks, according to DBRS rating agency.




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