Irish bank profitability will improve 'significantly' when fixed-rate loans expire

Experts said AIB, Bank of Ireland, and Permanent TSB will benefit hugely after securing loan books and deposits from the exits of Ulster Bank and KBC Bank.

The profitability of Irish banks is set to "improve significantly" as lenders benefit further when fixed-rate loans expire in the coming months, while the cost of their deposits stays low, Moody's Investors Service has predicted. 

In its latest assessment of the Irish lenders, the ratings firm affirms their outlook as positive "as growth, profitability, and deposit funding supports banks".