International banks in Ireland braced for 'headwinds' amid trade tensions

Ireland hosts operations for more than 30 international banks  

Four out of five international banks operating in Ireland expect to face 'headwinds' from geopolitical tensions and resulting effects on trade.

Four out of five international banks operating in Ireland expect to face 'headwinds' from geopolitical tensions and resulting effects on trade.

A report published on Tuesday by the Federation of International Banks in Ireland (FIBI) shows that the international banking sector in Ireland is set to grow with over 60% of member firms expected to increase business activity and 39% expected to increase the number of people employed in 2025. However, 79% of banks believe the trade uncertainty brought about by the US administration's tariffs will be a concern over the next five years.