Appena ricevuto dall'IR di BoI:
Please find attached Bank of Ireland’s statement on the 2011 Prudential Capital Assessment Review and Capital Requirement, for your information.
Qualche passaggio:
The Bank is working actively, with its advisors, on initiatives with a view to meeting the €4.2 billion equity capital requirement through a combination of capital management initiatives, other capital markets sources, and support from existing shareholders. The Minister for Finance has stated that the Group will be provided with time in order to raise/generate the additional capital requirement from private sources. Any capital that cannot be raised/generated from private sources to meet this capital requirement will be invested by the State. We expect to be in a position to make an announcement on our capital plans in the coming weeks.
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The loan portfolios / lending businesses of the Group, that are being/will be run down or disposed of over time, include:
�� Portfolios of UK Intermediary sourced Mortgages;
�� Selected international niche businesses such as project finance, asset based lending and certain previously identified international corporate banking portfolios;
�� Certain international commercial investment property portfolios; and
�� Land & Development loans less than €20 million to be potentially transferred to NAMA.
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On a proforma basis, these portfolios are estimated at approximately €39 billion of customer loans and approximately €22 billion of credit risk weighted assets at 31 December 2010.
It is envisaged that these portfolios will be substantially wound down/sold in the period to 31 December 2013 on a basis that will balance the advantage of increased liquidity against the risk of “fire sales” of assets. This process is already well underway.