Analysts mark down profit expectations for Irish lenders as interest rate dynamics mean lower return on excess savings and more competition
KBC Bank Ireland
Falling inflation and the prospect of lower interest rates point to better times for consumers in 2024 though more competition in banking would help
UK-born banker found herself at the epicentre of Europe’s biggest banking crisis in more than a decade while at Credit Suisse
Belgian-owned bank to also close its remaining branch and end its online banking on Thursday
Net interest income surges to €1.8bn as bank gets 3.75% rate on surplus deposits lodged with central bank
Irish banking sector scores minus 15 in public survey carried out this year, up from minus 25 a year ago
Charge raises about €87 million a year
Both banks are currently in the process of exiting the Irish market after announced their intentions to leave in 2021
Bank said it had notified customers via advertisements
New Bank of Ireland backed fund will support projects that drive innovation in mortgage process
But bank saw decline in UK and international corporate lending during the period
Mapping Ireland’s Bank Closures: More than a third of bank branches have closed since 2008 and the future seems likely to hold more of the same
About 85 per cent of accounts open at start of last year closed or inactive at the end of March
Error has resulted in the lender not filing monthly loan performance updates to the Central Credit Register
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