tag:blogger.com,1999:blog-2826531655042170344.post3774687873212434713..comments2024-03-26T11:29:52.986+00:00Comments on Economic Incentives: €14 billion in Bank AssetsSeamushttp://www.blogger.com/profile/15679299530222667673noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2826531655042170344.post-12641541264408889762013-01-27T12:12:13.309+00:002013-01-27T12:12:13.309+00:00I appreciate your comments and engagement. I have ...I appreciate your comments and engagement. I have posted an article on this on progressive-economy@tasc weblog, i.e. 'Potential of Government Ownership in the 'Viable' Banks.Anonymoushttps://www.blogger.com/profile/13198239097099745239noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-18867076359462090842013-01-11T12:01:52.896+00:002013-01-11T12:01:52.896+00:00The par value of the remaining contingent capital ...The par value of the remaining contingent capital notes in AIB and PTSB is €2 billion. The par value of the preference shares in AIB and BOI is €5.2 billion. That's €7.2 billion.<br /><br />The remaining assets then are the equity in the viable banks.<br /> - 15.1% of BOI<br /> - 99.8% of AIB<br /> - 99.8% of PTSB<br /> - 100% of Irish Life <br />The cost of these was around €20 billion.<br /><br />Anglo and INBS have been provided with €35 billion - €4 billion cash in 2009 and €31 billion of Promissory Notes in 2010.<br /><br />It would be something if the equity in the viable banks raised a value close to the cost of them. But to suggest that they would pass that and cover the cost of the Promissory Note seems fanciful at best. What are the numbers for this scenario?Seamushttps://www.blogger.com/profile/15679299530222667673noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-9811088666522589982013-01-11T10:43:28.979+00:002013-01-11T10:43:28.979+00:00I think the value of remaining assets in the '...I think the value of remaining assets in the 'viable' banks, when allowance is made for the medium-term timescale required, can reach 100% of par value. Furthermore, why not think beyond the medium-term when par value will likely be exceeded. Within the promissory note time-line, 2011-2031, the excess over par value will likely match the promissory note cost. Why not match up one gain against one loss. Better still, cut a good deal on the promissory note and be left with a kitty of €10-20 billion to squander another way or even use wisely.Anonymoushttps://www.blogger.com/profile/13198239097099745239noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-25079631857321712712013-01-10T05:50:28.373+00:002013-01-10T05:50:28.373+00:00yeah ! I also had hear about that
AIByeah ! I also had hear about that <br /><a rel="nofollow">AIB</a>Anonymousnoreply@blogger.com