Saturday 17 March 2018

So how do they stand? Snapshot of Big 4 banks

Bank of Ireland has 1.6 million consumer banking customers in Ireland and more than 600,000 wealth management clients. The bank approved €1.2bn worth of mortgages between October 2012 and July 2013. The bank's mortgage lending over the last few years is a fraction of what it was during the boom. In 2006, the bank lent about €5.3bn in mortgages – in 2012 it lent €927m. In the first six months of this year, it lent €274m worth of mortgages. The bank said it was on track to lend €4bn to SMEs in 2013. It has €35bn of retail deposits in the Republic and €11bn of corporate deposits.

AIB has about 1.5 million customers. It approved €2.1bn in mortgages between early 2012 and the end of June 2013. This too is a fraction of what it lent during the boom years. AIB approved €2.2bn in SME and corporate lending between June 2012 and June 2013.

Permanent TSB largely steered clear of the home-loan space this year. It approved only €121m of new mortgages in the first nine months of this year – which puts it well behind Bank of Ireland and AIB. This €121m of new mortgages also pales in comparison to 2006, when the bank lent €8.7bn of new mortgages. With 750,000 customers, PTSB has a smaller customer base than BoI and AIB. However, its latest current account offering is a move to win over more – and in the first nine months of this year, it signed up 30,000 new customers to it.

Ulster Bank has 1.9 million customers across the island of Ireland. It has 146 branches in the Republic. It has more than €18m in customer deposits in the Republic.

Sunday Independent

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