Ireland

Results for Ireland

Nama Repays Further €1 Billion Of Senior Debt

The National Asset Management Agency said it has now repaid 85 per cent of the €30.2 billion of senior bonds it issued to banks during the financial crisis to pay for their risky commercial property loans, the Irish Times reported. This comes after N ...

Daily Headline - global.abi.org - 06/22/2016 - 19:58 - 0 comments

Quinn Family Living Expenses Must Be Paid From Frozen Accounts, Court Rules

Living expenses for members of businessman Sean Quinn’s family must continue to be paid from accounts frozen four years ago rather than from their personal accounts, the High Court has ruled. Mr Justice Brian McGovern refused an application from a receiv ...

Daily Headline - global.abi.org - 06/21/2016 - 20:22 - 0 comments

Lenders Approve Kenmare Resources Restructuring Plan

Lenders to Irish mining group Kenmare Resources have approved the company’s restructuring plan, which will see the group cut its debt by $269 million (€238m) through a share sale, the Irish Times reported. In a statement on Monday, Kenmare said that ...

Daily Headline - global.abi.org - 06/20/2016 - 21:57 - 0 comments

SMEs Still Struggling To Get Acccess To Credit, Survey Shows

Loan approval rates for small and medium sized firms are continuing to improve although access to credit remains a big issue for SMEs, a new survey reveals. The quarterly bank watch study compiled by Isme shows 35 per cent of small businesses who applied ...

Daily Headline - global.abi.org - 06/16/2016 - 22:09 - 0 comments

Petroceltic Board Steps Down After Examinership Approval

Petroceltic chief executive Brian O’Cathain and chief financial officer Tom Hickey have resigned from the company after the High Court today approved an amended survival scheme for the exploration firm and two related companies, the Irish Times repor ...

Daily Headline - global.abi.org - 06/16/2016 - 22:11 - 0 comments

Banks Still ‘Weak And Vulnerable’ Warns Head Of Banking Supervision

The Central Bank’s new head of credit institutions supervision Ed Sibley said banks face “high levels of scrutiny and challenge” as they seek to free up money previously set aside for bad loans, the Irish Times reported. In his first speech his appoi ...

Daily Headline - global.abi.org - 06/15/2016 - 21:36 - 0 comments

Seán Quinn’s Family Should Pay Own Expenses, Say Receivers

Receivers appointed over the assets of family members of businessman Seán Quinn say their living expenses should first be paid out of their personal accounts before any expenses are paid out of accounts frozen four years ago, the Irish Times reported ...

Daily Headline - global.abi.org - 06/13/2016 - 22:33 - 0 comments

Petroceltic Staff To Voice Concern Over Alleged Writing Down Of Rights

A group of senior staff at Petroceltic International are expected to voice concerns about the alleged writing down of their employment rights in opposing a survival scheme for the company due to be put before the High Court next week for approval, the ...

Daily Headline - global.abi.org - 06/12/2016 - 21:45 - 0 comments

Anglo Verdicts: More Cases In The Pipeline

The trial of four former Anglo Irish Bank and Irish Life & Permanent executives – Willie McAteer, John Bowe, Denis Casey and Peter Fitzpatrick – on charges connected with a €7.2 billion circular deposit between the two financial institutions in 2008 ...

Daily Headline - global.abi.org - 06/09/2016 - 22:18 - 0 comments

Nama Takes Control Of BAM Group Subsidiary

The National Asset Management Agency (Nama) has taken control of a subsidiary of building group BAM on foot of a debt dating back to a 2007 land deal, the Irish Times reported. Nama recently appointed Jim Hamilton and David O’Connor of accountants BD ...

Daily Headline - global.abi.org - 06/05/2016 - 22:28 - 0 comments

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