There is a very interesting analyst report from Merrill dated Nov. 7th. by Phil Ingram: 'Irish Banks. Housing Market and Homebuilder Credit Risk' which gives a comprehensive overview. I have only been able to read it, not put it online but some may be able to access it.Basically it confirms the risk from unknown factors but shows up AIB to be the best (least bad?) of the Irish banks. Euro 20.3 is target price!