How systemic was the Irish banking system again?

yoganmahew · February 12, 2011, 7:43pm

economic-incentives.blogspot.com … banks.html

As of the end of December, domestic Irish banks had total liabilities of €742.5 billion. Here is the list of banks included in this total.
ACC Bank plc
AIB Mortgage Bank*
Allied Irish Banks plc*
Anglo Irish Bank Corporation plc*
Anglo Irish Mortgage Bank*
Bank of Ireland Mortgage Bank*
Barclays Bank Ireland plc
Danske Bank A/S
EBS Building Society*
EBS Mortgage Finance*
ICS Building Society*
Investec Bank plc (Irish Branch)
Irish Life & Permanent plc*
Irish Nationwide Building Society*
KBC Bank Ireland plc
Northern Rock plc
Rabobank Nederland
The Governor and Company of the Bank of Ireland*
Ulster Bank Ireland Limited
Credit Unions
55% of the banks on the list are covered by the bank guarantee scheme but the Central Bank do not provide data on what proportion of the total bank liabilities are due by the guaranteed institutions. It could be more than 55%, but we don’t know. The only thing we can really say is that 100% of the liabilities in these figures are not against the guaranteed (and likely nationalised) banks.

To give some insight into this at the time the blanket guarantee was introduced in September 2008, the total liabilities of domestic banks was €787 billion. We know that that guarantee covered approximately €440 billion of liabilities.

Not all that much to the European banking system then…