Position of Irish banks improves

DESPITE mixed fortunes for the share prices of the Irish banks yesterday, two of the three players were down on a generally good day for the ISEQ.

From the stock market lows of March 9, Bank of Ireland is up 790% with AIB now up 410% from its lows. Irish Life & Permanent (IL&P) is up 375% during the same period.

The British bank index, by comparison has risen by 88%, while the US banks have risen by an average of 96%.