AIB Apollo Investment Corp. 6.625% Senior Notes Due 2042

The European Banking Authority is set to release results to its stress tests into 91 EU banks this Friday. Banks will have to show they can maintain a core capital ratio of at least 5 percent to pass a test based on a mix of theoretical market shocks. The Bedford Report examines the outlook for companies in the Foreign Banking Sector and provides stock analysis on Allied Irish Banks PLC (NYSE: AIB) and The Governor and Company of the Bank of Ireland (NYSE: IRE) (LSE: BKIR). Access to the full company reports can be found at:

www.bedfordreport.com/AIB

www.bedfordreport.com/IRE

After failing to uncover much of the extent of financial turmoil for banks in Ireland, European banking regulators toughened stress tests on foreign lenders this year. Last year's stress tests proved a massive failure: all but seven of 91 banks that underwent stress tests passed a 6 percent tier one capital threshold, a measure of financial strength -- this included two Irish banks that had to be bailed out four months later.

Irish banks were put through a separate stricter test earlier this year as part of the EU-IMF bailout programme.

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.

A recent report from Reuters, citing a draft EU document prepared for finance ministers, says that EU nations will provide promises of support to banks that fail stress tests if they cannot raise new capital within six months. The document gives banks until the end of September or earlier to come up with a plan to repair their finances and a further three months to complete it.

Bankers and analysts believe that up to a dozen banks may fail the tests, most in Spain, Germany and Greece.

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