Banking

Most banking firms expect Irish growth in 2024, despite skills shortages

Fernando Vicario, chair of Federation of International Banks in Ireland, warned of ‘double-edged sword’ of Irish economic buoyancy despite positive outlook

More than six in ten banking and investment firms say that increasing regulatory requirements are the sector’s most significant challenge in Ireland. Picture: Getty

Seven in ten banking firms expect to see growth in their Irish operations this year despite issues around accessing the talent, according to a new report.

Figures from the Federation of International Banks in Ireland (FIBI) indicate that 43 per cent of its member firms expect to increase their head counts this year.

This is in spite of widespread concern around recruitment, with 73 per cent reporting challenges accessing talent with key skills in areas ...