Is it time for a third force in Irish banking?

Is it time for a third force in Irish banking?

Now that the foreign banks are well and truly gone, we need stronger competition to prevent AIB and BoI from permanently dominating the market

It is nearly 20 years since Bank of Scotland began the invasion of foreign banks into Ireland. This turned out to be a mostly ill-fated and disastrous foray into Irish banking. In 1999, the British lender caused a near panic when it entered the Irish mortgage market by undercutting every lender with what was then a rock bottom variable interest rate of just shy of 4 per cent.

Please Subscribe or Log in to continue reading

Subscribe Login

Independent journalism every day

With digital access you can read The Business Post whenever, wherever, and however you want.

  • Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
  • Breaking news, comment and analysis from the best Business Post writers seven days a week.
  • Live blogs of major news events.
  • Videos and podcasts from some of the industry's most respected journalists such as Michael Brennan, Susan Mitchell and Ian Guider.
  • Access to The Business Post's extensive archive‚Äč.

Related Articles

More from The Business Post