Varadkar: 'No answer' on how to stop duopoly between Bank of Ireland and AIB

KBC is the second major bank this year to announce it is leaving Ireland after Ulster Bank owners NatWest said last month that it will be closing up shop too. Picture: Brian Lawless/PA

The Tánaiste says the Government "don't have an answer" on how to stop a banking duopoly between AIB and Bank of Ireland.

Speaking to a private Zoom conference held by Goodbody Stockbrokers this week, attended by a number of representatives from banking, investor and finance bodies, Tánaiste and Minister for Enterprise Leo Varadkar said  although they had discussed the issue at Government, they haven't found a solution.