SOURCE: The Bedford Report

The Bedford Report

August 03, 2011 08:16 ET

Lloyds Bank and The Bank of Ireland Show Signs of Recovery

The Bedford Report Provides Equity Research on Lloyds Banking Group and Bank of Ireland

NEW YORK, NY--(Marketwire - Aug 3, 2011) - While share prices for many European Banks remain near 52-week lows, several firms have begun showing signs of recovery. In recent quarters European Banks have been developing methods to make sufficient returns for their shareholders while meeting a myriad of new and expensive regulatory requirements. The Bedford Report examines the outlook for companies in the Foreign Banking Sector and provides stock analysis on Lloyds Banking Group PLC (NYSE: LYG) (LSE: LLOY) and The Bank of Ireland (NYSE: IRE) (LSE: BKIR) (Irish: BIR.IR). Access to the full company reports can be found at:. Access to the full company reports can be found at:

www.bedfordreport.com/LYG

www.bedfordreport.com/IRE

Last month the Irish government had been widely expected to take control of Bank of Ireland, the last domestic lender outside of state ownership, however a $1.6 billion investment from an unidentified group of private investors ensures that after the government underwrites a BofI rights issue, its maximum ownership stake would be 32%. Ireland's Finance Minister Michael Noonan said that the share sale would ensure that private owners will hold at least 68% of Bank of Ireland shares.

The Bedford Report releases investment research on the Foreign Banking Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

While not part of the Eurozone, UK Banks are greatly affected by events that occur within the currency union, and have struggled in a similar fashion to other European financial institutions. Lloyds Banking Group, for example, is presently trading near 2009-lows.

Lloyds Banking Group has taken significant measures of late to restore its bottom line. The Co-operative Group is bidding to acquire 632 Lloyds Bank sites which are being disposed of to comply with a European Commission ruling in the wake of the financial crisis. Lloyds Banking Group hopes to finalize a deal before the end of the year. Lloyds Banking Group has also been reducing its staff numbers in efforts to make their businesses more efficient.

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