Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

On values, there was an increase in the value of small bank shares in the United States after the election of Donald Trump. In addition, the big factor on valuation now is whether interest rates have bottomed and will increase in the coming period. Obviously, increases in interest rates connect to the profitability of banks and there is an expectation in the markets of rising interest rates. Among other reasons, this is why bank shares are trading at a higher level than they did in 2016. There is a window from late May until June but it is hard to be precise on the opening and closed positions. There is another window in the autumn so it will be one or the other.

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