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The government rejoices in bank profits, but losses still lurk beneath the surface

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Treasury Secretary Paschal Donohoe appears to have found a practical formula to claw back money the state invested in Ireland’s ailing banking system more than a decade ago.

On the back of a rising market for Irish banking shares, an improving interest rate environment and a strong post-Covid economic backdrop, the minister was able to withdraw nearly £1bn last year.

https://www.independent.ie/business/irish/government-enjoying-bank-windfalls-but-losses-are-still-lurking-beneath-the-surface-41802569.html The government rejoices in bank profits, but losses still lurk beneath the surface

Fry Electronics Team

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