AIB, Bank of Ireland confident on funding

18 Aug 2010

Allied Irish Banks and Bank of Ireland have dismissed fears that an upcoming wave of redemptions could put pressure on their funding programmes in the last quarter of the year. Treasury officials from the banks said that they could comfortably fund Eu16bn of debt maturing before the end of the year.

Bank of Ireland has Eu8bn of debt which will mature before the end of the year. “The upcoming September maturities do not present a challenge for Bank of Ireland,” said Darach O’Leary, head of term funding. The bulk of its maturities to the end of the year — ...

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