Bank shares continue to rebound on ISEQ

Share values on the Irish Stock Exchange are up more than 3% this morning, with the banks continuing to rebound in the wake of the Government's deposit guarantee plan.

The ISEQ index was up more than 100 points in early trading, continuing the trend that began yesterday following significant falls on Monday.

The recovery follows the Government's move to guarantee the deposits of all Irish-owned banks in an effort to restore confidence in the sector.

AIB shares were up 2.5% by 10am, while Anglo Irish Bank shares were up almost 8%.

Bank of Ireland have seen their share price rise by 7.5%, while Irish Life and Permanent climbed 4.75%.

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