By Robert Sutherland Smith | Monday 11 August 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The Bank of Ireland (BKIR) is a bank that has undergone a significant reduction in the size, scale and nature of its operations since it was taken to into the emergency department during the great banking crises that hit home around 2009. It has survived, but in doing so has ‘burned’ a lot of cash, assets and investor equity value. That process of downsizing is meant to be complete, as the bank continues to balance its assets - in terms for risk – against its capital base to meet regulatory requirements in the most efficient and sustainable way.
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