Tuesday, August 7, 2012

7/8/2012: Real-time evidence on Irish lending bubble collapse

A revealing table from the danske Bank H1 2012 results which hardly needs much of a commentary:


  • Northern Ireland 3.5% of lending
  • Banking Activities Ireland (non-toxic stuff) 4.16%
  • Non-core Ireland (toxic stuff) 18.67%
  • Total Banking Activities 0.80
  • banking activities Denmark, Finland, Sweden, Norway from 0.17% to 0.47%
And that's about all you need to know. 

But in case you want more - the report is available here.

Oh, and few more revealing tables:
Now, in the above, non-core (toxic) stuff from Ireland is accounting for 72.5% of all charges taken. Nicely done!

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