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.

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.

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.

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.

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.

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 sector and the cost of providing […]

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.

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 Independent.

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.

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 culture.

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