Bank of Ireland, Allied Irish May Show Halt in Cash Flight
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Bank of Ireland Plc and Allied Irish Banks Plc, the republic’s two largest banks, will this week show if regulators are succeeding in staunching the outflow of deposits triggered by the country’s financial crisis.
Ireland’s six biggest banks have lost about a third of their deposits since the end of 2008 as the country was forced to seek a bailout, according to the Irish central bank. Bank of Ireland and Allied Irish will disclose their deposits when they report combined annual losses that analysts estimate will total a record 10 billion euros ($14.4 billion).