Ireland

Results for Ireland

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

Ireland Pins Growth Plan on U.S. Companies

Close economic partners of the U.K. have braced for a wave of possible fallouts after British voters sided with leaving the European Union: fewer of their workers in the U.K. and lower exports of machines and luxury cars, among other threats. But no coun ...

Daily Headline - abi_admin - 07/18/2016 - 12:06 - 0 comments

Nearly €180 Million Spent On IBRC Liquidation, Says Michael Noonan

Just under €180 million was spent in costs on the liquidation of Irish Bank Resolution Corporation from February 2013 up to the end of last year, Minister for Finance Michael Noonan has confirmed, the Irish Times reported. The Minister told Mr Dohert ...

Daily Headline - global.abi.org - 07/12/2016 - 23:33 - 0 comments

Brexit And Italian Bank Crisis Push Iseq Towards Bear Market

As Irish shares threaten to enter a bear market for the first time since 2011, the outlook may depend on two events: how the UK “bails out” of the EU and whether Italy is forced to “bail in” bondholders in its ailing banks. While the Iseq index rallied a ...

Daily Headline - global.abi.org - 07/10/2016 - 21:03 - 0 comments

Credit Unions’ Relevance Questioned Amid Lending Slump

Irish credit unions have seen their loan book shrink by 45 per cent in the past eight years, leaving their loans-to-assets ratio at a “dismal” level that raises serious questions about the movement’s future, according to a Government-commissioned report. ...

Daily Headline - global.abi.org - 07/06/2016 - 22:39 - 0 comments

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

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