Big banks back on the rise

By Business Editor David Murphy The country’s three biggest banks, AIB, Bank of Ireland and Ulster Bank, released financial results this week. All three are making progress (thanks to bailouts from Irish and British taxpayers.) There are some common themes across all three. They are making profits, their margins are improving and the amount they are setting aside for bad loans is also declining. That is good news for bank shareholders. The State owns 14% of Bank of Ireland and …