Regulatory decisions in other markets rattle Irish bank shares despite 'strong' profits

PTSB chief executive Eamonn Crowley and chief financial officer Nicola O’Brien. PTSB gave an optimistic outlook for the rest of the year.

Ireland’s Big Three banks are in a financial sweet spot, but the honey pot may be as full as it’s going to get with interest rates finally set to come down, new competitors entering the market, and the banking levy set to be extended in the upcoming budget.

This week, AIB, Bank of Ireland, and the smaller of the three main lenders, PTSB, all posted a profit haul but shares across the lenders plunged on Friday despite their half-year financial results.