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 ...
