Ireland’s major banks report significant profits for 2023, driven by high interest rates and a strengthening economy. Bank of Ireland, AIB, and Permanent TSB showcased robust earnings, benefitting from a competitive landscape with Ulster Bank’s exit and KBC’s return of its Irish license. However, challenges loom as interest rates drop, and competition from fintech rivals and credit unions intensifies. The economic outlook for 2025 remains uncertain, with potential impacts from global events including a second term for Donald Trump in the U.S.