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

20th November, 2018
Less competition for deposits in Irish bank sector. Pic: Getty

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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