Based on the Cyprus template, only deposits in insolvent banks were seized. Therefore, as a matter of being prudent I would like to try and establish what are the safest banks in Ireland for depositors.
I would to gather opinions and research and then update this thread as appropriate.
"Safe"
Nationwide UK Ireland
- They didn't do loans / mortgages in Ireland?
Rabo
- 8 safest bank in the world in 2012 according to one report:
http://www.gfmag.com/tools/best-banks/11661-worlds-50-safest-banks-april-2012.html#axzz2QWXh9xXy
Doubtful:
Ulsterbank
- Zerohedge voiced concerns, details to be released.
KBC
- They have mortgages in Ireland, so strain from arrears?
[broken link removed]
- Credit Ratings [broken link removed]
- Moody's Downgrade June 2012 http://www.moodys.com/research/Moodys-downgrades-KBC-Bank-and-KBC-Group-outlook-stable--PR_248302
Bottom of the list:
AIB
- SEC starting to investigate, http://www.independent.ie/irish-news/us-market-enforcer-issues-warning-to-aib-29194728.html
- Zerohedge highlighted concerns
BOI
PTSB
***
2011 Bank Ratings
Below are the Standard and Poor’s long-term ratings for banks that are trading in Ireland as of February 2011.
Institution Rating RaboBank AAA Nationwide UK Ireland A+ National Irish Bank/Danske Bank A Northern Rock PLC A- Ulster Bank Ireland Ltd A- KBC Bank BBB+ EBS BBB- Irish Life and Permanent BBB- Bank of Ireland BB+ Allied Irish Bank BB Anglo Irish Bank B- Ireland A-[broken link removed]
[broken link removed]
I would to gather opinions and research and then update this thread as appropriate.
"Safe"
Nationwide UK Ireland
- They didn't do loans / mortgages in Ireland?
Rabo
- 8 safest bank in the world in 2012 according to one report:
http://www.gfmag.com/tools/best-banks/11661-worlds-50-safest-banks-april-2012.html#axzz2QWXh9xXy
Doubtful:
Ulsterbank
- Zerohedge voiced concerns, details to be released.
KBC
- They have mortgages in Ireland, so strain from arrears?
[broken link removed]
- Credit Ratings [broken link removed]
- Moody's Downgrade June 2012 http://www.moodys.com/research/Moodys-downgrades-KBC-Bank-and-KBC-Group-outlook-stable--PR_248302
Bottom of the list:
AIB
- SEC starting to investigate, http://www.independent.ie/irish-news/us-market-enforcer-issues-warning-to-aib-29194728.html
- Zerohedge highlighted concerns
BOI
PTSB
***
2011 Bank Ratings
Below are the Standard and Poor’s long-term ratings for banks that are trading in Ireland as of February 2011.
Institution Rating RaboBank AAA Nationwide UK Ireland A+ National Irish Bank/Danske Bank A Northern Rock PLC A- Ulster Bank Ireland Ltd A- KBC Bank BBB+ EBS BBB- Irish Life and Permanent BBB- Bank of Ireland BB+ Allied Irish Bank BB Anglo Irish Bank B- Ireland A-[broken link removed]
[broken link removed]