Have the banks really turned a corner?

Have the banks really turned a corner?
There's no doubt that the banks are beneficiaries of the buoyancy in the property market. And as long as it continues, they can write back provisions already made against expected losses on home loans.

The extremely hard work of cleaning the banks up is over. Now the hard work of keeping them profitable begins in earnest, writes Ian Guider.

Having taken over as AIB chief executive in the dark winter of 2011, David Duffy was forced to get to grips with the fact that one of his first public acts would be to announce one of the biggest losses in the bank’s history. And the losses would continue for a couple more years.

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​.

More from The Business Post