Bloomberg News

Irish Banks’ Funding May Stabilize This Quarter, Survey Shows

February 01, 2012

Feb. 1 (Bloomberg) -- Irish lenders’ retail and wholesale funding is expected to be “broadly unchanged” in the first quarter, following a deterioration in the last three months of 2011, according to the Irish Central Bank, citing answers given by five banks as part of a euro area bank lending survey.

Banks are expected to lower their risk-weighted assets and increase their capital positions in the first half of this year in response to emerging regulatory requirements, continuing a trend in the second six months of 2011, the Dublin-based central bank said in a statement.

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

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net


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