bank of ireland

gerupouvit

is boi going to the wall. aib is skint. will boi follow they are 2 of the same usually. are savings and current accounts ok in boi

JTMan

You money in BOI is Irish state protected. How safe/solvent the Irish state is, open to debate.

BOI offer neither a good return for your money nor are they the safest. Why not switch?

gerupouvit

as shameful as it is i like the state protection. staying there for comfort and location ol:D

dotsman

Fungus wrote: »

You money in BOI is Irish state protected. How safe/solvent the Irish state is, open to debate.

No it's not open to debate. Irish banks are 100% guaranteed safe.

Now, if you are suggesting some cataclysmic event occurs and the EU goes kaboom, then maybe your deposit will suffer, but if that's the case, you have much larger things to worry about.

With regard AIB, they are far from skint. The €3B being talked about in the media is just that - media talk, whipping up a frenzy. NAMA is giving AIB €3B less than anticipated for the next tranche of loans, therefore the government are giving it. In fact, the taxpayer is "notionally" better off this week as opposed to last (as they will get shares in return, as opposed to an IOU). But you won't see any unbiased, critical analysis in the media, just typical hyped up "end-of-the-world" tabloidism.

stepbar

dotsman wrote: »

No it's not open to debate. Irish banks are 100% guaranteed safe.

Now, if you are suggesting some cataclysmic event occurs and the EU goes kaboom, then maybe your deposit will suffer, but if that's the case, you have much larger things to worry about.

With regard AIB, they are far from skint. The €3B being talked about in the media is just that - media talk, whipping up a frenzy. NAMA is giving AIB €3B less than anticipated for the next tranche of loans, therefore the government are giving it. In fact, the taxpayer is "notionally" better off this week as opposed to last (as they will get shares in return, as opposed to an IOU). But you won't see any unbiased, critical analysis in the media, just typical hyped up "end-of-the-world" tabloidism.

Given that the Government has nationalised Anglo; AIB, EBS and INBS are all but nationalised; PTSB has to raise c1b and 10 year interest rates on bond markets are increasing day by day; Irish Banks and Irish sovereignty are far from 100% safe. The Government guarentee scheme means jack ****e if the Government cannot raise funds on bond markets at a reasonable interest rate.

Who ever gives the funds to AIB it's all being hit at the Taxpayer. Nama fails and the Taxpayer takes the hit. In a dooms day scenario, the EU / IMF will come in for sure but at what cost?

Toots

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