Politics.ie
Advertise on Politics.ie

Go Back   Politics.ie > Topical Discussion > Economy
Irish big three might face €6.3bn write-down Irish big three might face €6.3bn write-down
Home Forum Tags Blogs FAQ Members List Calendar Mark Forums Read

Hey there!

It looks like you're enjoying Politics.ie but haven't created an account yet. Why not take a minute to register for your own free account now? As a member you get free access to all of our forums and posts plus the ability to post your own messages, communicate directly with other members and much more. Joining Politics.ie is completely free. Register now!

Already a member? Login at the top of this page to stop seeing this message.

Irish big three might face €6.3bn write-down

This is a discussion on Irish big three might face €6.3bn write-down within the Economy forums, part of the Topical Discussion category on Politics.ie. German brokerage Dresdner sees Ireland's top three listed banks writing off E6.3bn of bad loans between them over the next ...
Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 12th September 2008
Politics.ie Member
  
Join Date: Apr 2008
Location: Meath
Posts: 1,752
Default Irish big three might face €6.3bn write-down
German brokerage Dresdner sees Ireland's top three listed banks writing off E6.3bn of bad loans between them over the next two years - the most pessimistic forecast in the market.



http://www.businessworld.ie/bworld/live ... ?a=2279040
__________________
Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1
Reply With Quote

Advertise on Politics.ie

  #2 (permalink)  
Old 12th September 2008
Politics.ie Member
  
Join Date: Dec 2004
Posts: 11,572
Default Re: Irish big three might face €6.3bn write-down
Quote:
Originally Posted by mairteenpak
German brokerage Dresdner sees Ireland's top three listed banks writing off E6.3bn of bad loans between them over the next two years - the most pessimistic forecast in the market.



http://www.businessworld.ie/bworld/live ... ?a=2279040
It also clarifies those comments later in the piece, and is not the full story.
Reply With Quote
  #3 (permalink)  
Old 12th September 2008
Politics.ie Member
  
Join Date: Nov 2007
Posts: 1,485
Default Re: Irish big three might face €6.3bn write-down
They also mentioned that property is currently at 2005 prices. I had property valued in 2005, and I also sold property in 2008, I can
tell you that they have gone down past 05 already (in Dublin's suburbia anyway).
Reply With Quote
  #4 (permalink)  
Old 12th September 2008
Politics.ie Member
  
Join Date: Apr 2007
Posts: 2,628
Default Re: Irish big three might face €6.3bn write-down
Not just claiming 2005 prices but "November 2005 levels"
That isn't just poor it is is downright disgraceful Bank of Ireland are allowed to say it.
Anyone who believes claptrap like this and acts on it, deserves to be parted from their cash.
Reply With Quote
  #5 (permalink)  
Old 12th September 2008
Politics.ie Member
  
Join Date: Apr 2008
Location: Meath
Posts: 1,752
Default Re: Irish big three might face €6.3bn write-down
I sold 4 bed semis in Meath in Sept 2005 for 225K they went to the peak of the market Summer 2007 @ 305K

People are still asking for 280K for them but no one is buying
__________________
Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1
Reply With Quote
  #6 (permalink)  
Old 12th September 2008
Politics.ie Member
  
Join Date: Apr 2004
Location: We are where we are
Posts: 7,869
Default Re: Irish big three might face €6.3bn write-down
Quote:
Originally Posted by Anorakphobia
Not just claiming 2005 prices but "November 2005 levels"
That isn't just poor it is is downright disgraceful Bank of Ireland are allowed to say it.
Do you have a better measure?
__________________
Nothing will motivate the lazy / apathetic / Americanised / west-British types to embrace their culture and the Irish language.
Reply With Quote
  #7 (permalink)  
Old 12th September 2008
Politics.ie Member
  
Join Date: May 2008
Posts: 124
Default Re: Irish big three might face €6.3bn write-down
280k today is 243k in 2005 prices taking inflation into account.
If no one is buying who can say what they are worth.Rental yield might me a way, providing you could get a tenant.
Reply With Quote
  #8 (permalink)  
Old 12th September 2008
Politics.ie Member
  
Join Date: Apr 2008
Location: Meath
Posts: 1,752
Default Re: Irish big three might face €6.3bn write-down
Is there one of the three with the lions share of the likely write downs? ( and I am not looking for an answer) beyond yes or no
__________________
Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1
Reply With Quote
  #9 (permalink)  
Old 12th September 2008
Banned
  
Join Date: Aug 2008
Posts: 907
Default Re: Irish big three might face €6.3bn write-down
As long as there is no state bail out of private banks.
Reply With Quote
  #10 (permalink)  
Old 15th September 2008
Politics.ie Member
  
Join Date: Apr 2007
Posts: 4,145
Default Re: Irish big three might face €6.3bn write-down
The projected profits figures for the three banks after writeoffs on construction and property loans offset most of the losses,but how can that be in a weak economic environment? Maybe it's the profits before writeoffs that offset the writeoffs.
Reply With Quote
Reply

« Previous Thread | Next Thread »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Irish hauliers to face higher EU tolls NewsBot Current Affairs 11 13th March 2009 02:29 PM
The Face of Irish Islamophobia Mujaahid Media 7 25th November 2008 02:23 PM
putting a smile on the face of the irish times DALCASSIAN Media 0 12th September 2008 06:51 PM
putting a smile on the face of the irish times DALCASSIAN Political Humour 0 1st January 1970 12:00 AM


Advertise on Politics.ie

All times are GMT. The time now is 04:54 AM.

Home - Contact Us - Advertise - Privacy Statement - Top