“We were accused at the time of being excessively bearish on the economy outlook. Achieving this is key to the Government being able to claw back more of its €20.8 billion AIB crisis-time rescue bill. The deadline to achieve more than an 8 per cent return on tangible equity has also been pushed out by a year to 2023. “The near-term outlook is more clouded than the medium-term outlook – which is a novelty. I could predict 2022 with a greater degree of confidence and comfort than January or February 2021,” says Hunt.

Source: The Irish Times December 03, 2020 04:01 UTC