Shares in Irish banks ‘should increase by 10%’

SHARES in Irish banks should increase by 10% this year, with AIB Bank heading for growth of 11.7%, according to Davy Stockbrokers.

The Bank of Ireland-owned stockbroking house has selected rival AIB to be the top performing Irish financial stock in 2005.

In a special report, Irish Financials in Strong Demand, Davy analysts Emer Lang and Scott Rankin say that Irish financials have already put in a robust performance in 2005 advancing 7.4%.