Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The profits are going through the roof. Mr. Hayes mentioned a point in time in March, which is before a lot of the other interest rate increases. This is based on Davy's research. If any of the witnesses want to tell us what they expect the net interest margin to be in their banks, that is fine, but Davy has projected these figures. They are the ones I used. I should have referenced that. This means that the banks will continue to be super-profitable, even more profitable. Indeed, Davy states that in 2024, this will continue and they will be more profitable again. Unless they increase deposits or reduce some of the interest rates, these margins will get bigger and they will be double the European average.