Cashing up: Improving economic conditions are expected to support industry recovery

Participants in the Banks industry provide retail and commercial banking services, such as accepting deposits and providing loans. The financial crisis significantly altered the dynamics of Ireland's banking sector. Prior to the crisis, the industry had heavy exposure to property and mortgage sectors. However, a faltering property market led to a slump in demand for home loans, while weak economic conditions caused a drag in demand for personal and business loans. The lingering effects of the crisis continue to affect industry operations, with banks being subject to an increasingly stringent regulatory environment, as well as having to pay off their bad debts.Over the five years through 2019, industry revenue is expected to decrease at a compound annual rate of...read more.

Industry Statistics & Market Size
Revenue
€6.9bn
Annual Growth 14-19
-2.2%
Forecast Growth 19-24
Profit
Employment
24,742
Businesses
56
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The lingering effects of the financial crisis are likely to continue to affect industry operations
  • An improving housing market has somewhat supported demand over the past five years
  • Demand for home loans is expected to grow over the next five years
  • Industry Report - Industry Analysis Chapter

    The Banks industry has endured difficult operating conditions over the past decade. The financial crisis left a mark on the industry and has influenced trends in the banking sector since. Banks are still dealing with the lingering effects, deleveraging bad debts and rebuilding trust, as well as complying with an increasingly stringent regulatory environment. However, although revenue has been falling for much of the period, it has been declining at a slower rate, demonstrating recovery. To some extent, the reputation of larger domestic banks is expected to have somewhat protected their income and margins over the period. However, for smaller or less significant institutions unable to deal with troubling conditions, they have been forced to exit the industry, weighing on revenue growth. Shr...purchase to read more.

    Additional Insights for the Banks Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Banks Industry are

  • Having a good reputation
  • Having a loyal customer base
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Number of residential property transactions and Business sentiment index in the Banks industry impact industry performance..

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    What's in this report

    What is the Banks in Ireland Industry?

    The Banks industry covers the retail and commercial banking activities of deposit-taking institutions. Retail and commercial banks accept deposits from and make loans to individuals and businesses.

    Industry Products
  • Home loans
  • Business loans
  • Personal loans
  • Core banking services
  • Industry Activities
  • Lending to businesses
  • Lending to individuals
  • Accepting deposits
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of residential property transactions
  • Business sentiment index
  • ECB Marginal Lending Rate
  • Number of businesses

  • Current Performance
    Banking crisisIndustry demandRegulationMarket structure
  • Chart: Revenue Growth

  • Industry Outlook
    Demand growsMarket structure
  • Table: Banks Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Banks Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Building Project Development in Ireland
  • Investment Banking & Securities Brokerage in Ireland
  • Consumers in Ireland

  • Key Selling Industries
  • Office Equipment Rental & Leasing in Ireland

  • Products & Services
  • Home loans
  • Business loans
  • Personal loans
  • Core banking services
  • Chart: Banks Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals
  • Businesses
  • Other
  • Chart: Major Market Segmentation for the Banks Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Depreciation
  • Marketing
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Banks

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Banks Industry

  • Industry Globalization
    Allied Irish Banks plc, Bank of Ireland Group plc, Ulster Bank Ireland DAC, Permanent TSB plc,
  • Table: Allied Irish Banks plc - financial performance
  • Table: Bank of Ireland Group plc - financial performance
  • Table: Ulster Bank Ireland DAC - financial performance
  • Table: Permanent TSB plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Banks Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Banks Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Non-Performing Loan
  • A loan in which the borrower has failed to make scheduled payments and is likely to default.
  • Significant Institution
  • A bank that meets a range of criteria, such as those relating to size and economic importance, set out by the European Central Bank.
  • Tracker Mortgage
  • A type of home loan where the interest rate charged on the loan tracks that of another rate, such as the rate set by the European Central Bank.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Banks in Ireland market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Banks in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Banks in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Banks in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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