Wednesday April 8, 2020

Significant risks remain in Irish banking system - Fitch

Significant risks remain within the Irish banking system, credit ratings agency Fitch said in a new report.

10th June, 2013
"The banks may need to raise additional capital before they can contemplate a future independent of state support", said Fitch.

Significant risks remain within the Irish banking system, credit ratings agency Fitch said in a new report.

The report on the Irish banking system said it a return to operating profitability is likely to be delayed until at least 2015 because of the continued erosion of earnings from high but reducing impairment charges.

Continued support from the state remains “an important rating driver” and this remains “undiminished” despite the ending of the bank guarantee in March...

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