We are hearing plenty about the problems of the banks in Ireland and according to this – the Irish Government has pumped in €27 billion to the banks in the past year .
What has happened to all the massive bank profits made over the previous years? Who has had all that money? Where has it all gone?
These are the profit figures for AIB , BOI and Anglo Irish in the last 5 years
Profits of Irish Banks (€ Euros)
|2004||1.4 Billion||1.27 Billion||346 million|
|2005||1.7 Billion||1.32 Billion||504 Million|
|2006||2.6 Billion||2.6 Billion||850 Million|
|2007||2.5 Billion||1.9 Billion||1.2 Billion|
|2008||1 Billion||1.93 Billion||784 Million|
|2009||Loss 2.3 Billion||loss 0.6billion||Expected Loss 14 Billion|
With all those massive profits – why should the taxpayer be bailing them out?