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!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: