Finance

Ireland’s banking landscape is undergoing drastic change

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A woman walks by Bank Of Ireland ATMs in Dublin city center.

NurPhoto | NurPhoto | Getty Images

DUBLIN — The complexion of Irish banking has changed drastically.

Over the space of just a few weeks, NatWest-owned Ulster Bank announced it was shutting down operations while KBC Ireland entered talks to sell off its loan book and make for the exit.

The moves could eventually leave just three banks in the Irish market — the two major players in Bank of Ireland and AIB, and Permanent TSB — sounding alarm bells about the state of banking competition in the country.

All the while, fintech (financial technology) upstarts well-heeled with venture capital funding, like Revolut and N26, have…



Source cnbc.com

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