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ARTICLE · 20 OCTOBER 2022

Banking & Finance 2022

Maples Group
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2021 was a year of growth and optimism following on from the uncertainty of 2020. The year began with a collective sense of enthusiasm as the country returned to ‘business...

IrelandFinance and Banking
Elizabeth Bradley
Elizabeth Bradley
Ciaran Gallagher
Ciaran Gallagher
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Trends and Development 2022

2021 was a year of growth and optimism following on from the uncertainty of 2020. The year began with a collective sense of enthusiasm as the country returned to 'business as usual' and looked towards the future. This being said, there were a number of new challenges which caused a pause for thought this year and the outlook for the remainder of the year and beyond.

In 2021, two of Ireland's most well-known banks, Ulster Bank Ireland DAC ("Ulster") and KBC Bank Ireland (KBC), announced their exit from the Irish market further narrowing the choice of lenders in this jurisdiction, leaving just Allied Irish Banks, p.l.c. (AIB), Bank of Ireland (BOI), Permanent TSB (PTSB) and Barclays Bank Ireland plc as the main players.

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