Over 60% of Ulster Bank and KBC Ireland accounts remained open by end of October, Central Bank saysMore than 800,000 accounts opened so far this year in remaining three banks in Irish marketFri Nov 11 2022 - 05:00
More than half of home borrowers in long-term arrears paid nothing in past two yearsCentral Bank data come as industry braced for increase in distressed loansThu Nov 10 2022 - 13:57
Bank of Ireland hikes fixed mortgage rates for new customers following ECB move Lender increases rates by 0.25 of a percentage point, but existing customers refixing mortgage will not be affected for nowThu Nov 10 2022 - 11:20
Central Bank’s Donnery says slowing economy may avert ‘wage-price spiral’Deputy governor warns central banking credibility is on the lineThu Nov 10 2022 - 10:00
Holidays and weddings drive 11.2% jump in Irish personal loans in third quarterFastest growing segment includes loans for education, holidays and special occasions such as weddingsThu Nov 10 2022 - 05:00
Bank of Ireland hikes interest income forecast amid rising ratesLender expected to increase mortgage rates soonWed Nov 09 2022 - 18:39
Glanbia sees earnings growing up to 10% in next three yearsForecast comes despite slump in sales of SlimFast brandWed Nov 09 2022 - 15:45
Insurers warn of risks to policies as Ulster Bank and KBC retreatConsumers may lose cover if direct debits lapseWed Nov 09 2022 - 13:38
KBC Ireland deposits and loans fall ahead of sale to Bank of IrelandLender set to exit Ireland in early 2023Wed Nov 09 2022 - 08:00
Bank of Ireland sees greater interest income amid rising ratesNew account openings surge amid ongoing 'big switch'Wed Nov 09 2022 - 07:41
Bank of Ireland to offload €1.4bn of problem Irish and UK loansPortfolios mainly made up of mortgagesTue Nov 08 2022 - 18:12
AIB welcomes Government’s sale of further shares for €396.6mMove has reduced State’s holding in AIB to about 57 per centTue Nov 08 2022 - 07:38
‘Davy 16′ to be ordered to outline how €9.3m profit from 2014 bond sale was splitMr Justice Michael Quinn’s judgment relating to the discovery of documents connected with the case was published on MondayMon Nov 07 2022 - 19:50
State to reduce AIB stake to 57% by selling more shares Move is expected to raise about €390m for the StateMon Nov 07 2022 - 17:49
BlackBee Group to mount €100m bid for nursing homes amid restructuringCork investment group had previously been in talks to sell the 12 nursing homes and two homes under development to a European fundSat Oct 29 2022 - 16:34
Irish banks should enjoy their sweet spot while they can - it could be short-livedBanks among the few winners in a rising rates environment, but a drawn-out period of inflation could cause painFri Oct 28 2022 - 15:07
Michael Broderick: ‘You can’t turn the switch on overnight and hope there are going to be houses coming out’The former army officer who’s now head of the latest State-backed plan to help FTB buy homes talks about his career, if the right housing policies are now in place and hobbiesFri Oct 28 2022 - 12:49
Ulster Bank deposits drop €9.1bn in first nine months of 2021 amid ‘big switch’Lender in process of exiting IrelandFri Oct 28 2022 - 07:46
Rising ECB rates boost AIB’s interest income forecast to 15% Lender sees new account opening surge 82% as customers move from Ulster Bank and KBCFri Oct 28 2022 - 07:16
Arachas insurance broker profits jump 63% on back of acquisitionsRevenues for the company, mainly comprised of commissions and fees, jumped 31 per cent to €61 millionFri Oct 28 2022 - 04:29
European shares rally from lows as ECB hikes interest rates as expectedKerry Group drags on the Iseq despite solid figuresThu Oct 27 2022 - 19:37
Bank of Ireland and PTSB hold off on higher rates as ECB hikes againLenders are alone in not raising non-tracker rates in recent monthsThu Oct 27 2022 - 19:15
Ardagh’s drink cans unit warns on profits amid costs and demand woesCompany now expects its full-year earnings to fall to between $640m and $650mThu Oct 27 2022 - 13:13
Finance Ireland ‘temporarily’ pulls its most popular longer-term fixed-rate loans Terms of 10 or more years will not be offered, says non-bank lenderWed Oct 26 2022 - 16:13
Irish re-performing mortgages ‘particularly vulnerable’ to cost-of-living crisis — S&PMortgage holders who fell into arrears before resuming repayments may run into trouble againWed Oct 26 2022 - 12:43
Irish-led blank check firm in fresh tie-up talks as liquidation loomsFirm founded by Irish packaging industry veteran Patrick Doran and corporate financier Gary Quin has until January to find a dealWed Oct 26 2022 - 04:00
Central Bank’s move to tweak mortgage rules suggests it finally gets its missionDecision to ease some mortgage lending rules should allow more people to buy their homesFri Oct 21 2022 - 13:15
Irish Life chief Declan Bolger sees business as a marathon, not a sprintIrish Life’s Canadian parent has received almost €1bn of dividends since paying €1.3bn for the since-expanded group in 2013Fri Oct 21 2022 - 12:30
PTSB raises €250m of capital to prepare for Ulster Bank loans purchaseLender bolsters balance sheet ahead of Ulster Bank dealWed Oct 19 2022 - 16:25
Ulster Bank to delay freeze on busier accounts as initial deadline loomsLender expects to freeze about 1,000 accounts from November 11thWed Oct 19 2022 - 15:22
Central Bank defends inflationary easing of mortgage rules amid cost-of-living crisisFirst-time buyers will be allowed to borrow more based on their incomeWed Oct 19 2022 - 10:45
State-backed infrastructure fund set to see €1bn portfolio broken upThe Irish Infrastructure Fund was set up in 2011, but will now have bids for its assets assessed by its managersWed Oct 19 2022 - 05:00
Central Bank to ease income rules for mortgage lendingRegulator to increase loan-to-income limit to four times incomeTue Oct 18 2022 - 18:20
Glenveagh plots landowner partnerships to free up development landDublin-listed homebuilder currently has a landbank estimated to be capable of delivering 15,300 unitsTue Oct 18 2022 - 11:02
Value of Irish private equity firm Erisbeg’s flagship fund rises to €110m with AIB moneyAbout half the fund is already committedTue Oct 18 2022 - 05:58
Non-bank lender Grid Finance passes €1bn mark in card payments After five years Irish non-bank lender has provided €65m of cash advances to customersTue Oct 18 2022 - 05:00
Central Bank’s Makhlouf says tone of IMF meetings was ‘gloomy’In a blog, Gabriel Makhlouf said the general consensus in discussions ‘was that central banks should take the necessary action to restore price stability’Mon Oct 17 2022 - 17:26
Irish plcs to spend over €1.9bn on share buybacks in falling marketSlowing economy makes companies wary of expansion but they have excess cash after post-Covid recovery in profitsMon Oct 17 2022 - 05:45
Insurance broker Lockton Ireland agrees fourth deal of 2022UK-owned group has now invested close to €10m this year on expansion into employee benefits spaceMon Oct 17 2022 - 05:36
AIB partners with NTR on solar to deliver up to 80% of bank’s electricityRenewables group has planning permission for two solar farms in Wexford which it expects to build next year after power purchase agreement signedMon Oct 17 2022 - 05:26
Can Greencore’s new boss Dalton Philips put fresh filling back in limp sandwich maker?Incoming CEO will be expected to reinvigorate strategy in challenging business environment as share trade at levels seen a decade agoFri Oct 14 2022 - 18:02
AIB moves first among Irish banks to raise fixed home rates following ECB hikes Mortgage lender says increases will apply across its AIB, EBS and Haven brands after close of business FridayFri Oct 14 2022 - 13:30
Ulster Bank says ombudsman failed to show it behaved improperly in tracker casesBank maintains it is ‘untenable’ to insist it gave option to go back to tracker mortgage product that it no longer offeredThu Oct 13 2022 - 18:27
Ulster Bank tracker cases may affect ‘thousands’ of customers, court hearsBank is appealing against three decisions of Financial Services and Pensions OmbudsmanWed Oct 12 2022 - 17:25
Ombudsman made ‘serious errors’ in tracker compensation cases, Ulster Bank saysBank says contract terms agreed by mortgage customer did not provide for a return to tracker rateTue Oct 11 2022 - 14:17
Finance Ireland extends controversial mortgage drawdown deadlineNon-bank lender last week announced higher mortgage rates, giving customers just five days to wrap up deals at the lower ratesMon Oct 10 2022 - 18:43
Central Bank promotes Madouros to become a deputy governorGreek native Vasileios Madouros will be one of three deputy governorsMon Oct 10 2022 - 16:41
Siptu urges businesses to follow banks with €1,000 cost-of-living vouchersUntaxed support comes on top of recent pay deals and will be paid to most Irish-based staffMon Oct 10 2022 - 12:59
Smurfit Kappa rallies off two-year lows as rival raises outlookIrish multinational’s stock had fallen over 40 per cent between the end of December and close of trading last FridayMon Oct 10 2022 - 12:25
Davy hires markets veteran Jim Ryan to rebuild bond deskNo plans for stockbroker to seek to become a primary dealer in Government bonds againSat Oct 08 2022 - 07:00
