Irish banks ‘hit harder’ by Covid than others in Europe | Business Post

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Irish banks ‘hit harder’ by Covid than others in Europe - lorcanallen reports.

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!

 

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