Stiamo a vedere reazione dei sub...
Dal documento tecnico della banca centrale irlandese:
Allied Irish Banks plc (“AIB”)
The capital requirements resulting from the PCAR exercise previously announced were:
a. An additional €7.396bn4 of equity capital to meet the base case target of 7% equity, before taking account of projected asset disposals; and
b. €4.865bn of Core Tier 1 capital, less any equity generated under paragraph 1 excluding conversion of preference shares held by the Government, to meet the base case target of 8% Core Tier 1. This additional Core Tier 1 capital will also satisfy AIB’s stress case target of 4% Core Tier 1.
AIB is now required to raise an additional €5.265bn Core Tier 1 capital. Taking account of the capital AIB has still to raise under its capital plan, the bank has now to raise €9.765bn of Core Tier 1 capital by end-February 2011.
The Governor & Company of the Bank of Ireland (“BOI”)
The capital requirements resulting from the PCAR exercise previously announced were:
a. An additional €2.66bn of equity capital to meet the base case target of 7% equity; and
b. In meeting this requirement provided at least €0.25bn of new Core Tier 1 is raised, then Bank of Ireland also meets (a) the base case target of 8% Core Tier 1, and, (b) the stress target of 4% Core Tier 1.
BOI is now required to raise an additional €2.199bn Core Tier 1 capital by end-February 2011.
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BOI deve raccimolare 2 bln. Può darsi che ce la faccia cedendo attività estere. La parte UK pesa quasi il 50%.
AIB deve aggiungerne 3 bln, oltre a quelli già promessi dallo stato.
Alla fine non c'erano i tempi per studiare una soluzione tecnica per segare i subordinati. L'appuntamento è rimandato al 2011. Non credo che possano partire delle OPA tipo Anglo. Probabilmente saranno stile Safilo: OPA ad un prezzo basso, con la minaccia che se non si raggiunge una quota minima, la banca viene nazionalizzata. Mia idea.
Da seguire. Rischio alle stelle