AIB outvalued €1.3bn by its foreign holdings

ALLIED Irish Bank’s major holdings in a US and Polish bank are worth a staggering €1.3 billion more than the current €485 million value of AIB on the Irish Stock Exchange.

The massive fall in the value of Irish bank shares has pushed the value of AIB to record low prices which means that investors are, in effect, placing a negative value on the worth of AIB’s Irish and British operations.

The bizarre pricing of AIB shares by investors puts a value of €485m on AIB.