NEW YORK & DUBLIN--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) comments on 2017 earnings results of Irish banks. The banks delivered a sound performance in 2017, with core earnings stability, improving asset quality, strengthening capitalisation and increasing core deposit funding. The bottom line profitability was affected by legacy issues, such as customer redress for tracker mortgages and IT investments.
Comprehensive credit assessment of the Irish banks can be found under recently released research report titled: Irish Banks: Continued Recovery Despite Headwinds.
Please click here to access the full commentary.
About KBRA and KBRA Europe
Kroll Bond Rating Agency, Inc. is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, Kroll Bond Rating Agency, Inc. is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.