Bank investors burn as political controversy rages

The state remains a key player in the Irish financial sector

16th March, 2018
AIB is selling loans with a face value of as much as €3.75 billion while Permanent TSB wants to offload a portfolio worth about €3.7 billion Pic: RollingNews.ie

Irish bank shareholders are caught in a political crossfire.

At least, that’s according to Davy Stockbrokers. Rows over loan sales and whether lenders should pay more tax have helped push AIB Group down 11.5 per cent since the middle of February, making it the worst performer in the Stoxx 600 Banks Index, which has dropped 2.7 per cent over the same period. Bank of Ireland has fallen 6 per cent and Permanent TSB about 10 per cent.

“Unsurprisingly...

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