Editorial: Customers must be next to benefit from banks’ return to profit
The state must prepare to wind down its shareholding in the country’s three main banks, but it will need to ensure that consumers do not suffer from a lack of competition in the sector
As we report in this week’s newspaper, both Bank of Ireland and AIB have posted healthy financial results for the first half of the year.
Leaving aside the exceptional charges both banks took on their loan books last year due to the economic uncertainty created by Covid-19, the underlying fundamentals of both have looked in robust shape over recent years.
The return to profitability of the banks and the apparent strength of their respective balance ...