Banking
Big three banks set to make over €5 billion in combined profits
Thanks to the series of interest rate hikes by the ECB, both AIB and Bank of Ireland are set to report their highest ever profits – slightly more than in the Celtic Tiger era
The three main banks in the country are on track to make over €5 billion in combined profits this year as the series of interest rate hikes by the European Central Bank over the last year continues to fatten their bottom lines.
Banking analysts at Davy and Goodbody stockbrokers have raised their full-year forecasts for both AIB and Bank of Ireland in recent weeks after each lender reported bumper profits for the first six months ...