AIB wrote down the value of its loan book by €1.4 billion due to Covid-19 concerns Picture: Rollingnews
The profitability and return on equity of Irish banks in the last two years was considerably weaker than those of their European counterparts, a new study has found. A report by BearingPoint, the management and technology consultancy firm, shows that Irish banks were hit harder by the Covid-19 pandemic than other banks across Europe, resulting in negative returns on equity and weaker profitability.Subscribe from just €1 for the first month!