The Central Bank has issued a joint statement by the Central Bank Governor, Patrick Honohan and Financial Regulator, Matthew Elderfield, two of the more respected men in the Irish regulatory system and relatively new appointments (September 2009 for Patrick and January 2010 for Matthew). The statements deal with the costs of bailing out Irish banks.
It is not clear if the €29.3-34.3bn for Anglo is a gross cost (with some of it being recouped in the future) or a net cost (ie the gross capital required might be more but some will be recouped giving a net of €29.3-34.3bn).
With Allied Irish Banks plc (AIB), the €3bn is additional to the €7.4bn capital that the bank needed raise by December 2010. Given that there are severe doubts that the bank could have raised the €7.4bn itself without tapping the State to make up the shortfall, then the likelihood is that the State is going to have to pony up €3-6bn for AIB (no word on the sale of the UK operations and the US MTN sale seems to have stalled).
There is reference in the press release to an accompanying statement. And the devil will be in the detail. This entry will be expanded later today when the “accompanying statement” is published.
NAMA Wine Lake 
Are you sure that AIB €3bn is an increased capital requirement? The Irish Independent’s coverage suggests that the capital requirement for AIB is going up by only €450m, while (iirc) the FT reports Lenihan as planning to put €2-3bn into AIB, which might be where the €3bn number comes in.
Am not sure until I have seen the statement that is supposed to be attached to the press release and which sets out the detail and presumably workings but the press release says “In light of the higher NAMA haircuts, the Central Bank has advised AIB that it will be required to raise an additional €3 billion by 31 December”. Previous comment on AIB and NAMA has suggested that AIB may need substantial sums on top of the €7.4bn to absorb NAMA losses so I am taking the €3bn to be on top of the €7.4bn but will review when the detailed workings become available.
Yes, I think this explains the Independent‘s figure:
I presume they subtracted 7.4 from 7.9 without noticing that the €7.9bn requirement is after the sale of the Polish subsidiary.
Take a bow, Peter Mathews, who called these figures 18 months ago in the face of irate denial from the government and the DoF lackeys!
Indeed, though I doubt that today’s statements will give him much pleasure as it just confirms the costs to the Irish taxpayer. It is indeed striking that the AIB figure seems to almost on the nail to what Peter has been claiming as the capital required for some time – €10.5bn.
http://bankermathews.com/
It makes the discrepancy between Matthews’ BoI estimate and the CB’s new and unchanged BoI figure eyecatching, though.