Dec. 30 (Bloomberg) -- The Irish Central Bank’s move today to lift a short selling ban on certain financial instruments relates only to Bank of Ireland Plc, according to a central bank spokeswoman.
The decision follows the completion of Bank of Ireland’s recapitalization this year, spokeswoman Nichola Faulkner said by phone today. The lifting of the ban, in place on banking stocks since September 2008, does not affect Ireland’s other two remaining listed lenders, Allied Irish Banks Plc and Irish Life and Permanent plc, as they are now listed on the Irish stock exchange’s junior market, she said. Irish Life and Allied Irish are both more than 99 percent state owned.
Bank of Ireland is 15 percent state owned and only one of ireland’s six lenders guaranteed in 2008 to avoid majority state ownership.
The lifting of the ban is effective from midnight tonight.
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