Attempt at obtaining an overview of the balance sheet of the Irish-Owned banking sector on the basis of the various banks most recent published financial statements.

I would greatly appreciate any assistance with improving this table (particularly with allocating figures which I have difficulty allocating on the basis of the financials, notably TSB's liabilities and Anglo's assets).

One point of many that emerges from the text below is that, even excluding Anglo, the main Irish banks showed over 90 billion euros of "property and construction" loans. Anglo presents its figures differently but one must imagine that at least half its loans are "property and construction". Making this assumption, "property and construction" loans of the Irish owned banks would appear to be 130 billion euros. So where did the government get the 90 billion figure.

One other point to note in assets is that the banks (mainly AIB and BOI) hold (or held) nearly 67 billion euros of debt securities under "available for sale". This can cover everything from goverment debt to the most exotic CDO - details are provided in the notes to the financial statements on these items. For non-accountants looking at the notes in this respect, it is important to bear in mind that under accounting conventions, losses on "available for sale" assets are booked directly against reserves (rather than through profit and loss) until such time as management may decide that the assets are "impaired".

Equity and Liabilities		AIB	BOI (at 30/9/08)	Anglo (at 30/9/08)		TSB		EBS	Nationwide		Total
Total equity		10.3	6.4	4.1		0.9		0.7	1.2		23.6
Subordinated liabilities		4.5	8.5	4.9				0.2	0.3		18.4
Debt securities in issue		37.8	60.8	17.3				3.7	5.2		124.8
Customer accounts		92.6	90.6	51.5				10.1	6.7		251.5
Deposits by banks		25.5	16.9	20.5				6.1	0.8		69.8
Derivatives		6.5	3.4	1.5				0.2	0.0		11.6
Other liabilities		4.9	17.7	1.5		45.6	**	0.4	0.2		70.3
Total Equity and Liabilities		182.1	204.3	101.3		46.5		21.4	14.4		570.0
Assets		AIB	BOI (at 30/9/08)	Anglo (at 30/9/08)		TSB		EBS	Nationwide		Total
Loans and advances to customers:
. Residential mortgages		31.6	63.4			35.5		13.1	2.3		145.9
. Construction and property		47.9	38.0	36.1	*			0.5	8.1		130.6
. Other (difference with total)		50.0	42.9	36.1	*			3.3	0.0		132.3
Available for sale financial assets		29.0	27.7	8.1				2.4	0.1		67.3
Other financial assets at fair value through P&L (trading portfolio in AIB)		0.4	10.5	0.7				0.0	3.0		14.6
Loans and advances to banks		6.3	8.4	14.0				1.3			30.0
Derivatives		7.3	4.4	2.0				0.1	0.5		14.3
Cash		2.5	1.6	1.8				0.1	0.2		6.2
Other assets		7.1	7.4	2.5		11.0	**	0.6	0.2		28.8
Total assets		182.1	204.3	101.3		46.5		21.4	14.4		570.0
* Breakdown in notes to Anglo accounts not consistent with other banks - assumption 50/50 between "Construction and property" and "Other"
** The ILP accounts do not appear to provide a meaningful balance sheet breakdown between banking and insurance activities