Thin margins predate financial crisis

Margins at Irish banks were in trouble long before the financial crisis caused their cost of funding to rise to uneconomic levels, according to new research.

30th March, 2013

Margins at Irish banks were in trouble long before the financial crisis caused their cost of funding to rise to uneconomic levels, according to new research.

A report published by the Central Bank last week revealed that net interest margins at Irish banks had been in decline for over a decade and reached lows of below 1 per cent during the banking crisis.

The Central Bank research showed that even before the crisis hit, competition in...

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