Three out of four of Ireland’s largest consumer-facing banking institutions reported year-on-year declines in pre-tax profits in their 2019 results. For the largest two, Bank of Ireland and Allied Irish Bank, profits have been in decline for several years.
Allied Irish Banks has seen its return on equity ratio (RoE) decline from 11.36% in 2015 to 2.56% in 2019. At Bank of Ireland, RoE has fallen from 10.39% in 2015 to 4.29% in 2019.
