Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan Protection: Two biggest Irish banks set to be nationalised

Ireland's two biggest banks could be set to be nationalised following the country's financial crisis, it has been revealed.

Following the decline in share prices for both Allied Irish Bank (AIB) and Bank of Ireland, the Irish government is expected to take the former into full public ownership and hold an 85 per cent stake in the latter.

It follows the nationalisation of Anglo Irish Bank and will help prevent both banking giants from collapsing.

Since Monday (25th November), the value of AIB shares have decreased by 28 per cent while Bank of Ireland's stock has fallen by 42 per cent.

Both banks have already been issued with a 130 billion euro (£110 billion) loan by the European Central Bank.

In July, each firm passed a banking 'stress test', conducted by the Committee of European Banking Supervisors, which aimed to determine if firms could survive in the current economic climate.

Posted by Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking ADNFCR-2776-ID-800257252-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide