Irish Banks : overvalued, overleveraged and underdeposited

This is a horrific snapshot. Its taken from a brand new paper by Thorsten Beck, presented to a conference on the Irish economy today. It compares the Irish banking system as of 2011 to a broad set of international benchmarks.  It suggests, in other places that Irish banks need to delever (reduce credit) by about another 20% and that mortgage lending might contract by the same.

Good job we turned that corner eh?

1 thought on “Irish Banks : overvalued, overleveraged and underdeposited

  1. Pingback: The cloud of delusion in the silver lining of Irish recovery | Brian M. Lucey

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