Permanent TSB - Irlands Großbank
aber egal welche hauptsache es läuft mal was!
isch doch richtig oder!?
Zuversichtlich"
"Es gibt jetzt ein konstruktives Engagement im Gange mit der EU-Kommission, die wir sind zuversichtlich, zu einer Einigung relativ schnell zu führen", sagte ein Sprecher der Bank sagte.
Herr Almunia sagte, seine Abteilung "Faktor" im letzten Monat Umkehrung der unruhigen Newbridge Credit Union in Permanent TSB, wobei auch die in der Nähe den jüngsten Bilanzbewertung des Sektors der Zentralbank.
Der Kommissar lehnte spezifisch über mögliche Pläne zu trennen Permanent TSB defizitären Tranche der Tracker Hypotheken, abgesehen von der Erkenntnis, dass "das sind Dinge in der Diskussion" zu sein.
"Wir wollen nicht jede Art von System zu verhängen", sagte er.
Almunia says European Commission is awaiting presentation of "clear ideas" for restructuring
http://www.irishtimes.com/business/economy/europe/...months-1.1618398
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European Commission approval of Permanent TSB"s restructuring plan is still some months away, despite the banks"s hopes that it could be achieved by the end of this month.
European competition commissioner Joaquín Almunia said in Dublin yesterday that the plan should be accepted "hopefully, in a few months".
"We are waiting for the presentation of clear ideas for the restructuring of this institution," he said. "We are not yet at the end of the discussions with Permanent TSB. "
Mr Almunia, who was addressing the Institute of International and European Affairs and the Association of European Journalists, indicated that AIB"s restructuring proposals would be considered in a similar timeframe.
In a statement issued to The Irish Times, Permanent TSB confirmed discussions on its plan were continuing.
"Confident"
"There is now a constructive engagement under way with the EU Commission which we are confident will lead to an agreement relatively quickly," a spokesman for the bank said.
Mr Almunia said his department will "factor in" last month"s reversal of troubled Newbridge Credit Union into Permanent TSB, while also taking close account of the Central Bank"s recent balance sheet assessments of the sector.
The commissioner declined to be specific about possible plans to separate out Permanent TSB"s loss-making tranche of tracker mortgages, aside from acknowledging that "these are things under discussion".
"We don"t impose any kind of system," he said.
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Saturday, 7. Dezember 2013
Die Zentralbank hat ihre Wachstumsprognose für 2014 auf 2% erhöht, obwohl es davor gewarnt, dass der wirtschaftliche Ausblick bleibt aufgrund der Höhe der Darlehen Verzug sehr unsicher.
http://www.irishexaminer.com/business/...ous-about-growth-251951.html
"Trotz einiger Verbesserungen bleibt das Ausmaß der Hypothek Verzug eine erhebliche Bedrohung für die Finanzstabilität", sagte er. "Die Anzahl und der Wert der Hypotheken-Konten im Rückstand fiel auf Quartalsbasis im dritten Quartal 2013, wie das Ausmaß der frühen Rückstand Fällen weiter moderiert. "Doch fast 182.000 Hypotheken - 19,9% der gesamten Hypotheken -. bleiben im Rückstand am Ende September mit 72% dieser mindestens 90 Tage überfällig" Er stellte fest, dass der größte Faktor für die Lösung der Hypothek Verzug Krise wird ein Anstieg der Beschäftigung. gab es 58.000 Arbeitsplätze in den 12 Monaten bis Ende September erstellt. Weitere Verbesserungen auf dem Arbeitsmarkt werden im Jahr 2014 erwartet. Allerdings wird die Senkung der Arbeitslosenquote von derzeit hohen Niveau langsam sein und das bedeutet, keine Auswirkungen auf Hypothek Verzug wird schrittweise, sagte der Zentralbank. Die Banken sind in ihren Bemühungen, die Profitabilität durch das hohe Niveau der Kreditrückstände und Tracker Hypotheken zurück eingeschränkt. Und auch wenn die Stimmung gegenüber der irischen Staats hat sich verbessert, Förderbedingungen zerbrechlich mit Banken angewiesen auf kurzfristige Finanzierung und offizielle Unterstützung Sektor bleiben, hat es. Es gibt eine Diskrepanz zwischen dem Niveau der Hausverkäufe und Hypotheken-Aktivität wegen der steigenden Zahl von Cash-Käufer in den Markt. Darüber hinaus gibt es eine Stabilisierung der Immobilienpreise, aber die Erholung ungleichmäßig Dublin den Weg. werden Mittel für KMU nach wie vor ein Problem, da viele Unternehmen immer noch hohe Verschuldung tragen und nicht über ausreichende Sicherheiten für Kredite zu sichern.
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Chief executive of bank describes extra provisioning as ‘prudence on prudence’
http://www.irishtimes.com/business/sectors/...-after-review-1.1623664
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Permanent TSB chief executive Jeremy Masding has confirmed to The Irish Times that the bank is taking extra provisions for bad loans on foot of the Central Bank of Ireland’s recent balance-sheet assessments and asset-quality reviews.
These assessments tested the strength of the balance sheets of AIB, Bank of Ireland and PTSB, and were a requirement of Ireland’s exit from the EU-IMF bailout programme.
“It was a rigorous process,” Mr Masding said. “There will be extra provisions put into the balance sheet at the year-end, but the phrase I’ve used both with my team, my board and, indeed, with the Central Bank is I think it’s prudence on prudence.”
Mr Masding declined to quantify the level of provision sought, saying the figure would be included in its 2013 full-year results, to be published in March.
It has taken about €3 billion in provisions already since the financial crash, and got a net €2.7 billion in State aid.
He said the figure was “absolutely within the bounds of reasonableness of what one would accept from your regulator”.
Bank of Ireland was the only institution to provide details last week of the provisions sought by the Central Bank. The figure was €1.3 billion, which the bank is disputing.
Declined to comment
AIB declined to comment yesterday on whether it would have to book the extra provisions.
PTSB’s statement on December 2nd in relation to the assessments said its capital position was “above minimum regulatory requirements” but gave no details on provisioning.
Mr Masding said PTSB “continues to deliver” on the restructuring plan submitted to the European Commission this year.
This involves a good bank, which is back lending in Ireland, an asset-management arm to deal with loan arrears here, and a UK loan book in run-down.
The plan is for the good bank to reach pre-provision profitability some time next year and the business as a whole to return to the black in 2017. “We’re on track,” Mr Masding said.
He expects “north of €250 million” worth of mortgages to have been approved or drawn down this year.
He rejected criticism of its decision to offer reduced interest rates on buy-to-let investment mortgages.
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Newbridge Credit Union takeover documents to be made public
http://www.irishtimes.com/business/sectors/...e-made-public-1.1624346
http://translate.google.de/...to-be-made-public-1.1624346&act=url
Private affairs of individual members of the credit union will not be disclosed
Wed, Dec 11, 2013, 14:18
The Central Bank has secured orders permitting the public release of some, but not all, of the material used to support its application leading to Newbridge Credit Union being subsumed into Permanent TSB for €54 million.
Any material which would disclose the private affairs of individual members of the credit union will not be disclosed.
The President of the High Court, Mr Justice Nicholas Kearns, made the publication orders today on the application of barrister Brian Kennedy, for the Central Bank, and on consent of the directors of the credit union on condition their affaidavits which are strongly critical of the bank’s intervention are also made public.
Ben Donnelly, chairman of the board of directors, said in one of those affidavits it was “most regrettable” that the “ill-conceived intervention” had, “after two years and great cost to the members, resulted in the loss of credit union services to Newbridge, the loss of its landmark bulding, a loss of confidence in the wider credit union sector and a cost to the taxpayers that amounts to multiples of the regulatory deficit created by the imposition of increased provisions.”
The material to be made available relates to the bank’s application more than two years ago to have a special manager appointed to the crtedit union, ultimately leading to the decision last month to subsume it into PTSB.
Mr Kennedy said material would be made available on the bank’s website. The court previously heard there was substantial material involved.
Bernard Dunleavy, for the directors, said their consent to publication was being given on the basis that all the sworn documents of the board would also be made public.
On the application of the Central Bank at a late night High Court sitting on Sunday November 10th, the credit union was transferred to PTSB for some €54 million. This occurred almost two years after the Central Bank had applied to the High Court in January 2012 for a special manager to be appointed to the credit union over alleged breach of solvency rules and after a proposed merger with Naas Credit Union was rejected.
The credit union board had expressed great concern over the PTSB takeover, alleging the financial stability laws used to force the PTSB deal were never intended for credit unions. It also alleged the credit union’s difficulies arose from a run on deposits sparked by the Central Bank seizing control of NCU and not the alleged mismanagement of the credit union.
In an affidavit, Mr Donnelly said the board had been subject to freqwuent criticism by cetrain memebrs of the NCU over the last two years over not being mre vocal about the special management process but it had resdpected the constraints imposed on it.
This had added greatly to the personal stress all the diretcors had endured “while keeping to the forefornt of our thoughts the need to ensure that the destabilising impact of the special management was minimised,” he said.
“It was all the more galling to witness at various critical times the selective leaking of information culminating with the fact of the intended transfer of NCU to Permanent TSB becoming widely known in Newbridge before the Board even had an opprtunity to meet and consider its response”.
He said the Central Bank, “after many years of regulatory restrictions” imposed by it through the registrar of credit unions, had invoked “an untested statutory intervention” based primarily on its views as to the required level of bad debt provisioning “which contradicted what the auditors it had insisted on NCU appointign were recommending”.
A loss of member confidence and a liquidity crisis while the credit union was under the control of the Central Bank and its agents had left it too late to pursue any of the alternative options proposed by the Board, he said.
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Die NCU war ja so eine Art Genossenschaftsbank die eigentlich kaum ein Profit abgeworfen hatte, allerdings haben sich ein paar Schulden aufgetan, die sich negativ zu Buche schlagen, wie du festgestellt hast
Was gibt's neues bei der BoI, bin ja hier gar nicht mehr auf den neuesten stand!
http://www.irishtimes.com/news/environment/...tinue-to-rise-1.1636570
Latest figures from the Central Statistics Office (CSO) show property prices in Dublin continued to rise last month while those in the rest of the country were unchanged.
The market in the capital was up 1.3 per cent in November, corresponding to an increae of 13.8 per cent over the last year.
Outside Dublin, however, the market was stagnant last month, and is down 0.6 per cent over the last 12 months.
The CSO revealed that demand for houses in some parts of Dublin pushed prices up 1.4 per cent in November and by 13. per cent compared with the same time a year earlier.
The demand for apartments also continued with prices up 20.7 per cent on the same month last year - although the figures could be skewed due to the low volume of sales.
The CSO said house prices in Dublin are 47.5 per cent lower than the peak in early 2007.
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Optimism over rise in Dublin house prices
Prices outside Dublin have not yet bottomed out and divergence is widening
http://www.irishtimes.com/business/economy/...-house-prices-1.1641588
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The Dublin property market has “turned a corner”, but prices outside the capital have not yet bottomed out and the divergence is widening, according to the latest Property Barometer from website MyHome.ie. The study finds that there is now a 28 per cent difference between asking prices in Dublin and prices across the Republic as a whole: a year ago the difference was 17 per cent.
MyHome.ie’s latest figures show that the annul mix-adjusted asking price (an average measure that takes account of housing with different characteristics) in Dublin rose by 2.4 per cent to €241,392 last year, while nationally, they declined by 5.9 per cent to €189,086.
Caroline Kelleher from DKM Economic Consultants, which compiled the Barometer, said Dublin prices had been rising from about March last year, due largely to short supply. She expects the divergence between Dublin and the rest of the State to increase further in 2014.
MyHome.ie, which is owned by The Irish Times, noted that while national asking prices continue to decline, the 0.9 per cent fall in the final three months of 2013 was the slowest in six years. The website has seen particular signs of price stabilisation in Cork, where the median asking price (the so-called “middle” price, where half of properties are less expensive) was unchanged at €195,000 for all of 2013.
For Dublin, the median asking price was €249,500 at the end of the year, down €500 on the third quarter, but a quarterly increase of 8.9 per cent was recorded in Dublin South City. Dublin North was the weakest part of the county, with a 1.7 per cent decline.
Median prices also declined over the quarter in Limerick (4.5 per cent), Galway (2.9 per cent) and Waterford (9.1 per cent).
A further breakdown of the data shows that median asking prices for four-bed, semi-detached houses rose in a number of counties in the last quarter of 2013, but fell by 1.3 per cent in Dublin. MyHome.ie described the decline as “small” and noted that it was the first quarterly drop since early 2012.
MyHome.ie managing director Angela Keegan highlighted a “weak supply situation” in key parts of urban centres, which she expects to continue this year. She pointed out that there are about 3,000 properties on sale in Dublin at the moment, which is down 30 per cent on 12 months ago.
“ We are also seeing very low volumes of housebuilding and planning permission being granted for apartments, when there is a clear demand for family homes,” said Ms Keegan.
She believes the average price increases seen in Dublin are “unsustainable over the medium term” and called on the Government and local authorities to “take action”.
“The weak supply of new housing stock, particularly in Dublin, will be one of the main challenges facing the property market in 2014,” Ms Keegan said..
The most recently-available figures on sale prices from the Central Statistics Office showed an average national increase of 5.6 per cent in residential property values in the year to November. These figures are based on purchases backed by mortgages, with MyHome.ie estimating that half of such deals are based purely on cash.
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http://translate.google.de/...blin-house-prices-1.1641588&act=url
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Moody's downgrades Permanent's deposit ratings to B3, senior debt ratings to Caa1; outlook remains negative
https://www.moodys.com/research/...T.mc_id=NLTITLE_YYYYMMDD_PR_289652
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Anders als bei der BoI dürfte ich hier den Einstieg richtig erwischt haben, wir werden hier noch sehr viel Freude haben
Der Haupthandelsplatz ist ja Dublin.
In Deutschland ist neuerdings auch Düsseldorf aktiv.
Irland hat gut verdient und 3,7 Mrd an Bond sales eingenommen
Government raises €3.75bn in bond auction
NTMA planning to raise between €6bn and €10bn in pre-funding for 2015
http://www.independent.ie/business/irish/...ond-auction-29895824.html
http://translate.google.de/...-bond-auction-29895824.html&act=url
Long-term bonds sale sign of 'enormous progress Ireland has made'
Tuesday, January 07, 2014 - 05:34 PM
Ein Zeichen enormer Fortschritte für Irland berichtet Irish Examiner
http://www.irishexaminer.com/breakingnews/...and-has-made-619099.html
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http://translate.google.de/...reland-has-made-619099.html&act=url
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17:30 EUR 0.0526 0.00265.2000%
§
Der Schlußkurs an der Iseq
http://www.ise.ie/Prices,-Indices-Stats/...quityDetails/?equity=72644
Viele Grüße
Spaet
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Die BoI notiert ja schon deutlich über den book value
The standardised unemployment rate (SUR) in December 2013 was 12.4%, down from 12.5% in November 2013.
Nachdem die Bank of Irland schon gut lief besteht hier noch Nachholbedarf.