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Banks stability

  • 24-01-2016 3:35pm
    #1
    tendjose
    Registered Users, Registered Users 2 Posts: 295 ✭✭


    Hi,

    I have some offers for mortgage being the best the first and the worst the las in the following list:

    KBC (3.45%, EBS (3.50%), AIB (3.55%)

    People advised me check what his the probability of these banks to collapse because if that happens, the rates will grow like mad.

    It looks like AIB is the most stable because it's bigger and the difference in rates is not big.

    Can I go for KBC, or is it to risky?

    Thanks


Comments

  • #2
    Sarn
    Registered Users, Registered Users 2 Posts: 3,112 ✭✭✭Sarn


    Both AIB and EBS have already collapsed and are now State owned. As you can see the rates are not dissimilar to KBC.


  • #3
    tendjose
    Registered Users, Registered Users 2 Posts: 295 ✭✭tendjose


    So they will not collapse again right?


  • #4
    coylemj
    Registered Users, Registered Users 2 Posts: 25,624 ✭✭✭✭coylemj


    tendjose wrote: »
    So they will not collapse again right?

    Deposits up to €100,000 are guaranteed under EU rules and let me remind you that not one penny of depositors' money in any Irish bank was affected when several of them collapsed a few years ago.

    But if you're that paranoid that you're prepared to seek and accept advice from anonymous people on the internet, why not just stuff your money under the mattress?


  • #5
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,612 Mod ✭✭✭✭Jim2007


    tendjose wrote: »
    So they will not collapse again right?

    Nobody can tell you that, just like nobody can tell you what interest rates will do over the life time of you mortgage. In the event of a bank collapse, the bottom line is that you have their money and they have to try and get it back, never an easy task! Whoever gave you this bit of nonsense is best ignored.


  • #6
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,957 Admin ✭✭✭✭✭Toots


    tendjose, please read the charter before posting.
    BuffyBot wrote: »
    Everyone is aware of the current tumultuous situation in the banking/finance market. As such we've seen a influx of threads asking "Is X bank in trouble" etc.

    Unless there is substantiated issues (*confirmed* news reports etc), DO NOT POST such threads. Rumours are just that - and only serve to cause panic in others.

    As this forum is designed for discussion about financial products and services, other forums (Economics/Investments & Markets) etc are probably more suited to discussion of the global economic situation

    Be responsible folks - otherwise the thread will be locked.

    Thread locked.


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