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

To contact the editor responsible for this story: Finbarr Flynn at

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