Bank of Ireland and AIB are forecast to report combined operating profits of close to €4.5 billion as mortgage holders have seen a sharp rise in monthly repayment costs after a series of interest rates hikes
The two largest banks in the country are on track to report their highest ever profits this year after the series of interest rate hikes by the European Central Bank over recent months has fattened their bottom lines.
Bank of Ireland and AIB are forecast to report combined operating profits of close to €4.5 billion this year, which will be slightly ahead of the boom time profits both banks reported at the height of the ...
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