Bank of Ireland Group is a commercial bank operation in Ireland.
Happy days are here again. Spring 2021 marked a historic breakthrough for Ireland’s native bankers. They could not believe their luck. Two foreign invaders — Ulster Bank, owned by the UK’s NatWest, and KBC bank from Belgium — pulled out within weeks. It was back to the good old days of a duopoly. AIB and Bank of Ireland licked their lips; they would rule the waves again. Permanent TSB would remain an irritant, but the Big Two would return to market domination.
This has been a bad year for stocks. The Iseq index of Irish shares is in a bear market, having fallen more than 20pc this year as investors react to persistent inflation, an energy shock and supply chain disruption in the global economy.
Q I am with KBC Bank on a fixed-rate mortgage. My mortgage is being transferred to Bank of Ireland, but I notice that their rates are higher than my current rate. What does that mean for me? Will my rate go up?
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