Bank shares climb as ISEQ drops

THE Irish banking stocks continued their upward momentum, yesterday, albeit at little more than a snail’s pace as the overall ISEQ index of Irish shares suffered its first decline of the week.

Bank of Ireland seemed to run out of steam, creeping up by just another one cent to €1.46, after a strong week’s performance was buoyed by management taking responsibility for its own funding concerns.

AIB was up by nearly 4% – or 5c – yesterday at €1.33, but Irish Life & Permanent (IL&P) lost 2c to close at €3.