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Mortgage lending at Bank of Ireland soars by 30pc in first three months of 2017

Bank of Ireland’s new mortgage lending recorded a 30pc increase in the first three months of the year versus the same period in 2016. The bank has announced that its net interest margin [...]

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Receiver appointed by Cardinal Capital to two Genesis Homes units

Two units of Genesis Homes, a homebuilder controlled by former McInerney Holdings chief executive Barry O'Connor, have been placed in receivership after a repayment date was missed. Bank [...]

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INM board members to be reclassified as non-independent

Two members of the board of Independent News and Media will be reclassified as non-independent, non-executive directors, the Irish Independent has learned. The reclassification will be c [...]

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ESB and Bord na Móna in €500m solar venture to power 150,000 homes

Bord na Mona and the ESB are joining forces to develop four huge solar farms that are likely to cost in the region of €500m and generate sufficient electricity to power 150,000 homes. Th [...]

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Impaired loans at State-owned AIB down 70pc from peak

The quantity of impaired loans at State-owned AIB is down 70pc from the peak levels seen in 2013, according to a first quarter trading update issued by the bank. The total value of impai [...]

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Dan O'Brien: How Ireland's economy has dodged two potential bullets - for now

One-in-four people employed in the private sector in this State works for a foreign company that sells stuff to foreigners. The taxes those workers and companies pay fund a great deal of the public se [...]

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Embarrassment for AIB as bank fined €2.3m for breach of money laundering rules

State-owned AIB has been hit with a massive Central Bank fine for failing to check if it was being used for money laundering and tax evasion. The bank has to cough up €2.275m to the Cent [...]

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Irish firms are finally facing up to Brexit - EI chief Sinnamon

Exporting companies are waking up to the fact that Brexit is now a reality and that they need to put in place a strategy to mitigate the fallout, the head of Enterprise Ireland (EI) has told the Irish [...]

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Scheme to encourage more IPOs is launched

The Irish Stock Exchange (ISE) has launched its 'IPOready' programme for 2017, which is geared towards helping Irish companies prepare for stock market flotations over the next five years. [...]

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SME office culture top with workers

Almost 70pc of Irish workers would like to work in a small to medium-size enterprise (SME) or a startup, research has found - with respondents believing that startups and SMEs offer the best office cu [...]

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Long term renters urged to look at protection similar to mortgage holders

Long-term renters should look at ways in which they can financially protect themselves, similar to mortgage holders, a leading insurance company has said. With rents across the country n [...]

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Ardagh Group disagrees with US jury verdict in patent infringement case

Ardagh Group S.A. has noted the US jury verdict received on April 21, 2017 in connection with one of two asserted patents alleged by Green Mountain LLC to have been infringed by Ardagh’s US glass busi [...]

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Irish medtech firm in US partnership

Irish med tech firm Diaceutics has announced a five-year multi-million euro partnership with US-based BioReference Laboratories. The partnership will see Diaceutics acquire real-time tes [...]

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Ring-fence CT take for investment - Ibec

Gains from corporate tax receipts should be ring-fenced for much-needed capital investment, rather than built into the base of current spending, the country's biggest business body has argued. Insurance broker JLT has been lobbying the Central Bank for some time f [...]

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Brexit 'victims' meet today as Taoiseach to talk strategy with Dutch and Danish PMs

TAOISEACH Enda Kenny is today meeting with the prime ministers of the Netherlands and Denmark, two of the other EU countries expected to be worst hit by the impact of Brexit. Mr Kenny wi [...]

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Brexit firms must be managed in Ireland - Central Bank

Financial firms looking to relocate due to Brexit must demonstrate that local management will be accountable for decision-making and that operations can be effectively supervised, the Central Bank has [...]

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Age of first-time buyers rises as housing supply fails to increase

The average age at which people buy their first home has rocketed to 35, with thousands of families trapped in unsuitable accommodation. A report from the Central Statistics Office (CSO) [...]

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AIB appoints NTMA's Hannigan as CRO

AIB has appointed Deirdre Hannigan as its new chief risk officer. Ms Hannigan, pictured, has worked with GE, Rabobank, Bank of Ireland and most recently as chief risk officer of the Nati [...]

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€100m ISIF-backed joint venture bankrolls four office developments

A funding platform that's a joint venture between the Ireland Strategic Investment Fund (ISIF) and US-based Quadrant Real Estate has contributed to loan facilities totalling €238.4m used to bankroll t [...]

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Co. Galway
Tel: +353 91 762892
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