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Thread: Does Ireland still have too many Banks?

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    Politics.ie Member
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    Default Does Ireland still have too many Banks?

    "Despite improving market sentiment, Irish banks are still making losses and may require yet more capital, while banking and sovereign debt will remain linked for years to come"BUSINESS WORLD - S and P: Irish banks need more capital


    If we are required to pump more money into the loss making banks should we first look at consolidation in the sector?

    Do we really need more than one state owned bank branch in each town in the country?

    Competition is an issue, but not in the dysfunctional marketplace we current operate in surely.

    How would people feel about the Anglo solution being more widely applied if more capital is required?
    Ask not what your country can do for you, but what your country can do for a bank

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    Politics.ie Member revolution's Avatar
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    Yes this country still has too many banks,they are all dead tho,all pillar/dead-banks,
    FG had a good idea with a "National recovery" good bank,but its gone by the wayside..... go figure

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    Politics.ie Member seabhcan's Avatar
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    The number of banks is not the problem. Its the number of loans.

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    Politics.ie Member DownTheyGo's Avatar
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    Quote Originally Posted by seabhcan View Post
    The number of banks is not the problem. Its the number of loans.
    But if a critical source of income to banks is the interest it nets off from making loans then the more banks that exist, the greater the number of loans to be made and consequently, risk management rules subside. Although not an issue in present climate; could potentially happen again, no one wants to go back there! With Anglo and INBS out of the market, the number of lending institutions has fallen. What is probably of more concern here is the rise in credit institutions, legal loan sharking at massive rates of interest. This can't be too healthy for a vibrant economy but fully employed people are turning to such because it has become the only source of loans for many.

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    The title should be 'Two many banks' surely?
    Fianna Fail - The Anti Democratic Party & The Anti Constitutional Party. Traitors of Irishmen and Irishwomen.

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    I don't know about too many banks, but we certainly have too many overpaid bankers.

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    Quote Originally Posted by seabhcan View Post
    The number of banks is not the problem. Its the number of loans.
    So having multiple loss making state owned branches in each town is okay long term?

    But no Garda station.
    Ask not what your country can do for you, but what your country can do for a bank

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    Politics.ie Member wombat's Avatar
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    Quote Originally Posted by EUrJokingMeRight View Post
    The title should be 'Two many banks' surely?
    I have never heard a logical explanation as to why AIB & BOI are needed.

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    Quote Originally Posted by wombat View Post
    I have never heard a logical explanation as to why AIB & BOI are needed.
    Well at least we don't own BoI so they are their own problem.
    Ask not what your country can do for you, but what your country can do for a bank

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    Quote Originally Posted by revolution View Post
    Yes this country still has too many banks,they are all dead tho,all pillar/dead-banks,
    FG had a good idea with a "National recovery" good bank,but its gone by the wayside..... go figure
    If only they were in power...
    Racism = fear, low self-esteem and breath-taking ignorance.

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