Three main lenders to post interim profit haul

Davy Stockbrokers said it would likely 'modestly' revise downwards its forecasts in this area, but said "this will have little impact on bank earnings" for AIB, Bank of Ireland, and PTSB.

Myles O’Grady, Bank of Ireland chief executive. Bank of Ireland will publish its interim statement on Wednesday. Picture: Naoise Culhane

The three main Irish lenders are set to once again post bumper profits as the banks tapped high interest rates and continued to benefit from low levels of competition following the exit of fierce rivals Ulster Bank and KBC.

Bank of Ireland, PTSB, and AIB will publish their half-year financial performances this week and are expected to report a combined operating profits for the period of more than €2bn, with AIB and Bank of Ireland expected to account for the lion's share of this haul.