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The Outlook for Irish Banks is Positive - John Hurley Governor Central Bank - Jan 08

Comments

  • Registered Users, Registered Users 2 Posts: 485 ✭✭Hayte


    I missed the "Jan 08" and was surprisingly hopeful. Now I feel like a drink...


  • Registered Users, Registered Users 2 Posts: 399 ✭✭Bob_Latchford


    MF sees slowdown, but banks sound - Sept 2007

    http://www.rte.ie/news/2007/0925/imf-business.html
    Given the Irish economy's strong fundamentals and the authorities' commitment to sound policies, [IMF] directors expected economic growth to remain robust over the medium term
    The IMF also said the banking system was sound, with low bad debts, and tests suggested that the system could cope with a range of shocks 'even in the face of large exposures to the property market'.
    But it warned that vulnerabilities in the financial sector, due to high household and rising interest rates, needed continued vigilance by the authorities.

    Its like they were looking at a completely different set of books rolleyes.gif
    No mention of bubbles


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