Francesca McDonagh, chief executive of Bank of Ireland: the bank took on ‘substantially’ all of KBC’s performing loans and deposit book in a deal worth €5 billion.Picture: Maura Hickey
Staid, slow-moving, conservative: with the exceptions of the financial crisis and the part-nationalisation of lenders that followed, Irish banking tends to be a steadier industry than most. 2021, however, represented a swift and significant departure from that status quo, with two of the country’s five main retail banks announcing plans to depart the Irish market, and those left behind announcing significant expansion plans.Subscribe from just €1 for the first month!
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