Permanent TSB - Irlands Großbank
Gestern kam übrigens ein hochinteressanter Artikel im Independent. Die irischen Banken sollen ihren "Klotz am Bein" verlieren, sprich, wieder effektiver in die Profitablität zurückkehren können.
Mittlerweile bekommt man hier als Aktionär fast das Gefühl, als spielt die irische Regierung allmählich auf der gleichen Seite und nicht mehr dagegen, wie in den vorangegangenen Jahren. Da gäbe es auch einiges wieder gut zu machen, wenn ich das mal anmerken darf.
GOVERNMENT AIMS TO END COSTLY BANK GUARANTEE SCHEME
Thursday September 27 2012
FOUR years after the bank guarantee scheme was introduced as a panic response to the collapse of Lehman Brothers, the Government is looking at proposals to end the controversial bank scheme before it runs out in December, the Irish Independent has learned.
The Department of Finance has set up an inter-agency working group to discuss a roadmap for scrapping the scheme at some stage, and officials are now looking closely at ending the scheme much more quickly than previously thought.
Officials from the Department of Finance, the Central Bank and the National Treasury Management Agency are currently examining how the banks could be weaned off the eligible liabilities guarantee (ELG) scheme which covers customer deposits of more than €100,000.
There is no talk of removing a separate scheme that guarantees deposits of less than €100,000.
Scheme
Former Finance Minister Brian Lenihan appointed the NTMA as the operator of the ELG scheme back in December 2009 and ordered that the scheme be reviewed every six months to determine whether the financial support is still necessary.
The ELG scheme costs Irish banks hundreds of millions of euros every year and is one of the reasons why the domestic banks have been slow to return to profitability.
Still, the scheme's introduction in 2010 stemmed a run on the banks as companies and wealthy individuals moved their money overseas. The scheme no longer covers the UK deposits of Allied Irish Banks and Bank of Ireland.
Any move to end the ELG would be welcomed by the troika and the European Central Bank who have constantly campaigned for Irish banks to be slowly weaned off the expensive life-support system. The ECB funds the scheme through a convoluted system that also involves the Central Bank.
Exchequer blow
Scrapping the ELG scheme would be a blow to the Exchequer which got more than €1bn from the banks last year in fees. Despite this, the Government would welcome an end to the scheme because it would help banks to return to profit.
"The ending of the guarantee would mean the State would lose the money it receives in fees from the bank, but the normalisation of the banking sector is more important," one government source told the Irish Independent.
The ELG is the second of two guarantees issued by the late Mr Lenihan.
Four years ago this week, he moved to shore up the banks with the Credit Institutions (Financial Support) Act 2008 which was conceived on September 29, 2008, and covered all liabilities of the main Irish banks apart from undated subordinated bonds. That left the State on the hook for €375bn.
The year-long guarantee meant banks could only sell bonds for a year and failed to prevent a run on deposits as investors became worried that the State was in no position to honour the guarantee if there was a major collapse.
In 2010, Mr Lenihan introduced a second guarantee which ran along the Credit Institutions (Financial Support) Act which became known as ELG.
This allowed bonds to be issued with maturities of up to five years, with the bonds having the full backing of the Irish Government out to their maturity.
The ELG scheme was originally supposed to run out quickly but has been repeatedly prolonged and changed since then.
- Thomas Molloy and Peter Flanagan
Link: www.independent.ie/business/irish/...nk-guarantee-scheme-3242064.html
Leider hat diese Nachricht den Kurs heute nicht beflügeln können oder liegt es daran, weil freitags immer einige raus wollen... ?
Wir haben Zeit.
Habe ich nach dem Abschicken des Postings auch gleich bemerkt und wusste, jemand wird was reklamieren. Wegen dem Feiertag habe ich's halt mal mit dem Wochenende verwechselt, da man sonst ja nie frei hat. Hauptsache, ich verkaufe nicht versehentlich in einem Anfall von Schusslichkeit meine Permanent TSB-Aktien, bevor der Kurs in die Gänge kommt. Das wäre dann wirklich eine unverzeihliche Dummheit.
Schönen Tag der Einheit !
Aktuelles Thema:
ESM will be allowed to buy Irish banks
www.irishexaminer.com/business/...owed-to-buy-irish-banks-210000.html
Der ESM wäre dann senior und kaufen dann nur zum derzeitigen Kurs.
Was mich unwohl macht ist das der ESM dann senior wäre
Permanent TSB capital gain exceeds EUR150m in RMBS buyback
www.reuters.com/article/2012/10/12/...cesAndRealEstateNews&rpc=43
Interessanter Artikel mit ein paar Aussagen von CEO Masding, wie man das Problem mit den Hypotheken-Zahlungsverzügen in den Griff bekommen will.
Auszug aus dem Artikel:
"...We have worked hard with the Central Bank to develop a set of treatments, which means that as long as customers engage with us, I think we now have the capability and the products to begin to help people."
He said people in late arrears are being dealt with on a case-by-case basis, and there were products to help them.
Permanent TSB, once the country's biggest mortgage lender, also says it plans to become a key provider of retail bank services for the Irish market from the start of 2013.
Mr Masding said 2012 had been a year of "fixing", and the bank would "get there" by the end of the year.
The bank has been tasked with providing competition to AIB and Bank of Ireland by the Minister for Finance, who is the principal shareholder."
Mein Zeithorizont bei Permanent liegt allerdings bei 1 - 2 Jahren für eine mögliche Kursvervielfachung.
Wie denkt Ihr darüber?
Grüße aus der Pfalz
Der CEO von Permanent TSB bezeichnet 2012 als Übergangsjahr und plant 2013 mit der Bank wieder eine starke Säule in Irland und Europa zu werden. Mut macht die allgemeine Lage auf der Insel, die sich schrittweise verbessert.
Die Risiken darf man natürlich auch nicht außer Acht lassen, wie bei jedem Investment. Jeder Aktionär trifft halt seine eigenen Entscheidungen.
Optionen
von mir aus auch sprunghaft oder in hecht vorm!
isch doch richtig oder!?
Wenn die letzten auch noch den Glauben verlieren, sind wir irgendwann unter 1 Cent. Vielleicht schon am Ende des Jahres, wenn einige ihr Depot um Verlustaktien erleichtern.
Ich denke, diese Aktie ist töter als tot...
Optionen
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