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Bank Industry Risk Analysis: Ireland (Republic of) Dec 03

  • ID: 1858100
  • December 2003
  • Region: Ireland
  • Standard & Poors
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  • Allied Irish Banks PLC
  • Bristol & West PLC
  • Depfa Bank Europe PLC
  • Dunbar Assets Ireland
  • Ireland (Republic of)
  • KBC Bank Ireland PLC
  • MORE

The ratings on Irish domestic banks compare well with those on the top 50 largest banks in Europe, and with those of the larger U.S. regional banks. Profitability is good on an international basis, although the banks are unlikely to maintain the very high rates of profit growth seen in recent years. Since the mid-1990s, Ireland's banking-sector profitability has been boosted by the buoyant economic backdrop (real GNP grew by an average of 6.5% per year from 1993 to 2002), low bad-debt charges, changes in the demographic profile, and operational improvements within the banks. The domestic banking system continues to be characterized by a relatively high level of concentration and ownership stability, even after some structural changes. Competition is tightening,...

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Research Type: Commentary
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- Bank of Ireland
- Ireland (Republic of)
- Allied Irish Banks PLC
- The Royal Bank of Scotland Group PLC
- Bristol & West PLC
- Irish Life Assurance PLC
- Depfa Bank Europe PLC
- Helaba Dublin Landesbank Hessen-Thueringen International
- KBC Bank Ireland PLC
- Dunbar Assets Ireland
- DZ Bank Ireland PLC
- KBC Bank N.V.
- Permanent TSB PLC
- Deutsche Pfandbriefbank AG
- Hewlett-Packard International Bank PLC
- Commerzbank International (Ireland)
- LBBW Dublin Management GmbH
- Ulster Bank Ireland DAC
- Depfa Bank PLC
- Depfa ACS Bank
- EAA Covered Bond Bank Public Ltd Co.
- Pfizer International Bank Europe

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