Irish banks to receive additional capital support from the state
Alho, Eeva (08.11.2010)
JulkaisusarjaBank of Finland. Financial Market Report
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201408075012
The cost of the banking crisis will reach a record high in Ireland. The concentration of lending made the Irish banking system particularly vulnerable, and losses caused by the collapse of the property market are now being removed from banks balance sheets. The state has guaranteed all the deposits to prevent widespread withdrawal of deposits.