The cost-to-income ratio of the banking industry in Ireland fluctuated significantly between 2014 and 2023. In the fourth quarter of 2023, the cost-to-income ratio was 51.12 percent, which was lower than the values observed in 2021 and 2022. This indicates that the cost of running operations became lower, therefore the profitability of Ireland's banking industry improved in the last couple of years.
Cost-to-income ratio of the banking industry in Ireland from 4th quarter 2014 to 4th quarter 2023
Characteristic
Cost-to-income ratio
Q4 2023
51.12%
Q3 2023
50.56%
Q2 2023
52.18%
Q1 2023
53.03%
Q4 2022
59.68%
Q3 2022
69.35%
Q2 2022
72.46%
Q1 2022
71.08%
Q4 2021
73.43%
Q3 2021
71.12%
Q2 2021
71.24%
Q1 2021
71.24%
Q4 2020
71.54%
Q3 2020
69.85%
Q2 2020
70.43%
Q1 2020
76.76%
Q4 2019
70.86%
Q3 2019
67.6%
Q2 2019
68.5%
Q1 2019
68.7%
Q4 2018
66.07%
Q3 2018
63.59%
Q2 2018
63.4%
Q1 2018
64.56%
Q4 2017
64.52%
Q3 2017
61.06%
Q2 2017
60.81%
Q1 2017
63.5%
Q4 2016
58.83%
Q3 2016
57.16%
Q2 2016
55.23%
Q1 2016
60.42%
Q4 2015
61.01%
Q3 2015
57.84%
Q2 2015
58.72%
Q1 2015
64.98%
Q4 2014
61.87%
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Data refers to domestic banking groups and stand alone banks, foreign (EU and non-EU) controlled subsidiaries and foreign (EU and non-EU) controlled branches.
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ECB. (June 13, 2024). Cost-to-income ratio of the banking industry in Ireland from 4th quarter 2014 to 4th quarter 2023 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1428327/ireland-cost-to-income-ratio-banking-industry-quarterly/
ECB. "Cost-to-income ratio of the banking industry in Ireland from 4th quarter 2014 to 4th quarter 2023." Chart. June 13, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1428327/ireland-cost-to-income-ratio-banking-industry-quarterly/
ECB. (2024). Cost-to-income ratio of the banking industry in Ireland from 4th quarter 2014 to 4th quarter 2023. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1428327/ireland-cost-to-income-ratio-banking-industry-quarterly/
ECB. "Cost-to-income Ratio of The Banking Industry in Ireland from 4th Quarter 2014 to 4th Quarter 2023." Statista, Statista Inc., 13 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1428327/ireland-cost-to-income-ratio-banking-industry-quarterly/
ECB, Cost-to-income ratio of the banking industry in Ireland from 4th quarter 2014 to 4th quarter 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1428327/ireland-cost-to-income-ratio-banking-industry-quarterly/ (last visited November 10, 2024)
Cost-to-income ratio of the banking industry in Ireland from 4th quarter 2014 to 4th quarter 2023 [Graph], ECB, June 13, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1428327/ireland-cost-to-income-ratio-banking-industry-quarterly/
