More than a quarter of lending by the main Irish banks is to borrowers in the UK, leaving the financial system here hugely exposed to a Brexit downturn. More than a quarter of lending by the main Irish banks is to borrowers in the UK, leaving the financial system here hugely exposed to a Brexit downturn. UK-based borrowers account for 26pc of lending by retail banks here, according to the Central Bank of Ireland's latest Macro-Financial Review. It is identified among the main Brexit related risks. Bank of Ireland has a significant retail bank in Britain, while AIB has a business in Northern Ireland.

Source: Irish Independent December 07, 2018 11:37 UTC