Lack of competition key to Irish bank profits, says report
Author Ciarán Nevin said Irish banks’ net interest margins had increased significantly since the financial crisis, while declining in other EU banks
Low interest rates and quantitative easing by the European Central Bank also reduced the costs of borrowing after the crisis.
This enabled Irish banks to increase their margins “substantially” in the post-crisis years.
the profits on offer in the banking sector may attract new entrants in the future
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures