Bloomberg News

EU Says Uncertain Irish Banks to Meet 2011 Loan-to-Deposit Goal

December 14, 2011

Dec. 14 (Bloomberg) -- The European Commission said today it is uncertain if Irish domestically-owned banks will meet targets for loan-to-deposit ratios this year because of lower than expected deposits.

“Despite the adverse market conditions, domestically owned banks continue to make progress towards reaching their interim loan-to-deposit ratio targets, though there is uncertainty as to whether the end-2011 targets will be met, due to lower deposits than previously envisaged,” the Commission said in a report today.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Finbarr Flynn at fflynn3@bloomberg.net


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus