Ireland Bank, American Dep. Shares (IREBY)

[Huggy Bear]

Thanks. I suppose this is what is causing a bit of a stir?

http://www.forbes.com/sites/raoulruparel/2014/07/04/the-ecbs-new-lending-operations-are-off-target/

I do not really have an opinion on that, although I tend to agree that very little of this EU version of "stimulus" spending will actually get thru to bolster the local economies.

The goal is to provide more incentive for the private banking sector to make non-real estate backed loans to the public, assumingly for small business growth to strengthen the economy as a whole correct?

Remains to be seen how effective this round will be in accomplishing those goals, or not. The historic low interest rates the banks will pay for access to these funds cannot hurt the bottom line fiscally. But I do not expect any EU financial institution with primary operations in the EU to make significant gains earnings wise until the economy as a whole recovers more and interest rates overall rise naturally.

Overall I still have a strong opinion of IRE and BKIR.L as long term growth assets to accumulate and hold.