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Brexit Gives $228 Billion Boost to Irish Bank Balance Sheets (1)

Jan. 18, 2022, 9:12 AM

The balance sheets of Ireland’s biggest banks have risen by two thirds since the Brexit vote, the latest data to demonstrate how Europe’s financial landscape is shifting following the U.K.’s departure from the European Union.

Banks in Ireland regulated by the ECB’s Single Supervisory Mechanism saw their balance sheets increase from 300 billion euros ($342 billion) in December 2015 to 500 billion euros in July, trade group Banking & Payments Federation Ireland and its affiliate the Federation of International Banks in Ireland said in a report Tuesday.

Since the Brexit vote in June 2016, Citigroup Inc., Barclays Plc and ...

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