Rise in lending poised to drive banking growth further

Main banks report that loans are increasing, but lending limits and lack of properties could stifle the growth

Andrew Keating, Bank of Ireland’s chief financial officer, and Richie Boucher, its chief executive – the bank’s lending grew by 50 per cent in the first half of the year. Picture: Feargal Ward
Andrew Keating, Bank of Ireland’s chief financial officer, and Richie Boucher, its chief executive – the bank’s lending grew by 50 per cent in the first half of the year. Picture: Feargal Ward

The recovery of the banking sector has been on display for a year now, with all the major lenders recording sustained profitability. Yet the key piece missing from the jigsaw has been the absence of loan book growth to drive it even ...