DALLAS, Oct. 19, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring diversified financial services company Allied Irish Banks plc (NYSE:AIB). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Allied Irish Banks plc (NYSE:AIB) should be of particular interest to comparable companies: HSBC Holdings plc (ADR) (NYSE:HBC), Royal Bank of Canada (USA) (NYSE:RY), Barclays plc (ADR) (NYSE:BCS) and Canadian Imperial Bank of Commerce (USA) (NYSE:CM).
The full report is available at: http://www.stockpreacher.com/n/AIB
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Allied Irish Banks plc (AIB) is a diverse banking and financial services organization. Together with its subsidiaries, it offers a full range of personal and corporate banking services in the Republic of Ireland, the U.S., the UK and Poland. Its business is conducted through five operating divisions: AIB Bank Republic of Ireland (ROI) (which holds approximately 44% of the group's assets), Capital Markets (33%), AIB Bank UK (12%), Central & Eastern Europe (7%) and Group (4%).
Message Board Search for AIB: http://www.boardcentral.com/boards/AIB
In the report, the analyst notes:
"The Irish government is moving its EUR 54 billion (50.4 billion pound) 'bad bank' draft business plan forward as it responds to financial crisis and the deflation of the Irish property bubble. The country's National Asset Management Agency (NAMA), with a primary goal of improving the availability of credit in the Irish economy, will acquire property development loans from Irish banks in return for government bonds.
"While the government's move to socialize bank losses is expected to give Irish lenders the much needed boost, AIB is leveraging its diverse franchises and strong competitive position to emerge from the downturn. It is also maintaining an active focus on costs, as well as on asset quality and risk management. The Company yielded a 7% reduction in costs generating a neutral income/cost growth rate gap and a reduction in the underlying cost income ratio of 0.9% to 48.3%, with operating profit before provisions reducing by 6%, for the first six months of 2009, thanks to its active management of its cost base."
To read the entire report visit: http://www.stockpreacher.com/n/AIB
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