Ireland

Results for Ireland

Clerys Wind-Up Could Take Another Two Years, Liquidators Say

The liquidators of Clerys say the winding up of the old Dublin department store is being delayed by legal proceedings and could take a further two years to complete. They also confirm they have made reports to the Office of the Director of Corporate Enfo ...

Daily Headline - global.abi.org - 09/22/2016 - 23:13 - 0 comments

More Than €50 Billion In Non-Performing Loans On Irish Banks’ Books

More than €50 billion worth of non-performing bank loans (NPLs) remained in place in Ireland at the end of 2015, according to a stocktake published on Monday by the European Central Bank. This was in spite of €74 billion worth of face-value loans being ...

Daily Headline - global.abi.org - 09/12/2016 - 22:24 - 0 comments

AIB Chief Says Bank Is ‘Fixed’ And Ready To Float On Stock Market

AIB chief executive Bernard Byrne has said the bank has been “fixed” and is ready for a stock market initial public offering (IPO) whenever the Government decides to press the button, the Irish Times reported. In a speech delivered to the Leinster So ...

Daily Headline - global.abi.org - 09/08/2016 - 22:24 - 0 comments

Ireland Reflects on Government Debt Targets

Ireland should set targets for government debt that are lower than those required by the European Union, and based on measures that more accurately reflect the true size of its economy, the head of the country’s central bank said. In a letter to Minister ...

Daily Headline - global.abi.org - 09/05/2016 - 20:56 - 0 comments

Nama Appoints Receivers To 36 Firms To Ease The Sale Of Their Loans

The National Asset Management Agency (Nama) has re-appointed receivers to 36 companies and borrowers to ease the sale of their loans, the reported. The State agency published a series of official notices showing that it has appointed receivers to the fi ...

Daily Headline - global.abi.org - 08/02/2016 - 23:26 - 0 comments

Irish Bank Stocks Open Lower After Stress Tests

Irish bank stocks opened down on Monday morning, as investors responded to stress tests from the European Banking Authority which placed AIB and Bank of Ireland among the worst performers in Europe, the Irish Times reported. Across Europe however, ba ...

Daily Headline - global.abi.org - 08/01/2016 - 23:54 - 0 comments

Dubai Firm With Alleged Links To Quinns Can Be Sued Here

A Dubai-based firm has failed to get a Supreme Court order aimed at preventing it being sued here over its acquisition of a multi-million euro property in India from companies controlled by members of the family of businessman Sean Quinn, the Irish Tim ...

Daily Headline - global.abi.org - 07/28/2016 - 22:53 - 0 comments

AIB To Return €1.76 Billion Of Bailout Funding To The State

AIB will pay the State €1.76 billion tomorrow to redeem loan notes issued to it in July 2011 as part of its bailout from taxpayers, the Irish Times reported. This payment will involve the bank paying €1.6 billion to redeem the contingent capital note ...

Daily Headline - global.abi.org - 07/26/2016 - 23:11 - 0 comments

Eurosurgical In Liquidation Likely To Face Big Tax Liability

Hospital equipment supplier Eurosurgical is likely to owe the Revenue Commissioners a substantial sum when the company’s final tax liability is calculated by its liquidator, the Irish Times reported. The High Court recently appointed George Maloney o ...

Daily Headline - global.abi.org - 07/25/2016 - 22:14 - 0 comments

Moody’s: Bank of Ireland’s Rising Pension Deficit is Credit Negative

Moody’s Investors Service warned of a 62 percent rise in the deficit of the Bank of Ireland’s defined benefit funds, partly due to the outcome of the Brexit vote, is credit negative for the bank, Pensions & Investments reported yesterday. In a cr ...

Daily Headline - abi_admin - 07/19/2016 - 13:37 - 0 comments

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