DUBLIN, Sept 17 (Reuters) - Shares in Allied Irish Banks and Bank of Ireland opened up 29 percent and 10 percent respectively on Thursday on expectations the state will not have to take equity in both lenders following the creation of a 'bad bank'.
Ireland's Finance Minister Brian Lenihan told parliament on Wednesday he would levy a 30 percent haircut on the transfer of 77 billion euros worth of risky property loans from the banking sector into a National Asset Management Agency (NAMA).
AIB said it expected to be able to raise capital internally. Bank of Ireland will issue a statement later on Thursday.
For factboxes on the 'bad bank' click on
(Reporting by Padraic Halpin,) ($1=.6777 Euro) Keywords: IRELAND BANKS/ (andras.gergely@reuters.com; +35315001518; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Ireland's Finance Minister Brian Lenihan told parliament on Wednesday he would levy a 30 percent haircut on the transfer of 77 billion euros worth of risky property loans from the banking sector into a National Asset Management Agency (NAMA).
AIB said it expected to be able to raise capital internally. Bank of Ireland will issue a statement later on Thursday.
For factboxes on the 'bad bank' click on
(Reporting by Padraic Halpin,) ($1=.6777 Euro) Keywords: IRELAND BANKS/ (andras.gergely@reuters.com; +35315001518; Reuters Messaging: andras.gergely.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.