For Ireland’s banking sector, 2017 could be a significant year. Almost a decade on from the financial crisis Allied Irish Bank (AIB) which – along with Bank of Ireland, is one of the country’s two pillar banks – could return to private ownership in 2017.
Psychologically it would mark a major milestone for an economy that climbed out of recession just three and a half years ago.
Lurching from one crisis to the next, Ireland went on to become one of a small but unenviable group of eurozone countries forced to seek billions of euros in rescue funding from Europe and the International Monetary Fund.
Simon O’ Neill, partner in the Philip Lee banking and finance group, recently contributed to the above article published in the January edition of The Lawyer magazine. His contribution and the full article is available here.