The money pit

The Irish economy is the fastest growing in Europe, but BoI’s and AIB’s profits are down. Legacy issues and political machinations aren’t making things easy

3rd March, 2019
Francesca McDonagh, group chief executive of Bank of Ireland

A number of times during a briefing for media on Monday morning, the Bank of Ireland chief executive Francesca McDonagh spoke about the strength of the Irish economy: the fastest growing in the eurozone, with record-high employment rates. Yet for all that, the tax on the bank’s profits for last year at €935 million (still a huge number) were actually down slightly. At AIB on Friday morning, its new chief executive Colin Hunt reported a...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years