Banking
Exclusive: Irish banks ‘attractive takeover targets’ for big European lenders
Irish lenders’ price along with low levels of competition and a strong economy makes them attractive M&A targets
Ireland’s banks are strong targets for takeovers by larger European lenders given the low level of competition and strong economic backdrop, leading industry figures have said.
Alastair Ryan, an analyst at Bank of America, said Irish banks were ripe for being bought out by a bigger European peer given the favourable market conditions and the desire of the European Central Bank (ECB) for M&A activity in the sector.
“A large European company could come in, ...
