Barclays Ireland will be true heavyweight with earnings of nearly €500 million

Barclays Ireland will be true heavyweight with earnings of nearly €500 million

British financial institution’s post-Brexit Irish unit will be, on the basis of assets, larger than AIB and BoI combined

The Barclays unit moving to Ireland as a result of Brexit will rank among the most profitable banks in the country, with earnings of almost €500 million.

A presentation to investors has revealed the full scale of the British bank’s post-Brexit operations, showing the Dublin-based unit will be responsible for corporate, investment and private banking as well its German credit card business and some European mortgage portfolios.

The presentation states that, based on its 2017...

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