IPM Irish Life&P.Gp

    RNS Number : 6784G
  Irish Life & Permanent PLC
  24 October 2008
   




    Irish Life & Permanent plc


    RE: Icelandic bank debt

    In common with many other banks, Irish Life & Permanent has some exposure to senior debt issued by the Icelandic banks which are being
taken into State ownership. There is still uncertainty as to how that situation will resolve itself and the level of impairment that will
result.  The Irish Life & Permanent Group enjoys a strong and flexible capital position and we regard the situation as very manageable from
our perspective - regardless of what scenario unfolds.

    The group will be updating the market on this and other relevant issues when we publish our Interim Management Statement in mid
November."

    October 24th 2008



    Contact details

    Barry Walsh, Head of Investor Relations
    Tel: +353 1 704 2678

    Ray Gordon, MKC Consultants
    Tel: +353 1 6788099



This information is provided by RNS
The company news service from the London Stock Exchange
 
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