Shares in Irish banks fell further this morning, following yesterday's loss of almost €2.5bn in the value of shares on the Stock Exchange.
Some of the weakness in bank shares comes after US brokers KBW published a report saying that Irish banks are in a weaker financial position than their European counterparts.
Shares in Bank of Ireland, which fell by 6% yesterday, were another 3% lower at 10am this morning, at €6.35. Its shares are now 56% lower than at this time last year.
Anglo Irish Bank was 1.3% lower after yesterday's 2.5% fall. It too is showing almost a 56% reduction in its share price in a year.
AIB had fallen by 3%, following a 4% fall yesterday.
Irish Life and Permanent was 4% lower at €8.40 this morning.
In a trading statement today, IL&P said its annual operating profits are set to fall by a mid to high single digit percent.
After falling as much as 4.5% after the statement was published, shares in IL&P were up one cent at €8.76 in Dublin this afternoon.
