Irish banks among world’s most profitable

Irish banks continue to be among the most profitable in the world, according to a report from international credit ratings agency Standard & Poor’s (S&P).

4th February, 2006

Irish banks continue to be among the most profitable in the world, according to a report from international credit ratings agency Standard & Poor’s (S&P).

Pre-tax operating margins at Irish banks averaged about 45 per cent over the past ten years and are expected to have reached about 50 per cent last year, according to the report.

The juicy operating margins enjoyed by Irish banks dwarf the average profitability attained in similar Anglo-Saxon...

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