Business News

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 National Treasury Management Agency. She is a fellow of the Association of Chartered Certified Accountants and the Institute of Bankers as well as an […]

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 the construction of four office developments here, according to accounts filed for the venture. Qrea Financing said that the commitments have been made since June last […]

Four out of 10 businesses have not initiated plans to implement the upcoming General Data Protection Regulation (GDPR). Fewer than one in 10 CEO’s, IT and privacy managers surveyed by independent.ie said their company’s plans for compliance with the new data protection law are at an advanced stage. The GDPR will become law across the […]

Tom Healy rescued the Irish Stock Exchange from the threat of extinction, transforming the Dublin market from a sleepy backwater into one of the one of the leading destinations for international listed funds and debt securities. When he was appointed chief executive of the Irish Stock Exchange (ISE) in 1987, Dublin was struggling and looked […]

The value of Irish goods exports was up 15pc in February, compared with the same month last year. For January and February, the value of goods exports was €19.18bn, an increase of €1.98bn when compared with the first two months of 2016. On a monthly basis, imports increased by 16pc while exports rose by 3pc. […]

People who held back on starting a pension because of the economic downturn could be big losers when it comes to retirement, new research has found. Many people have held off starting a pension, while others stopped payments, or radically cut back on contributions, due to the economic squeeze. Now it has emerged that those […]

BWG Foods managing director Willie O’Byrne has been named as the new chairman of Retail Ireland, the Ibec group that represents the sector. He will serve a two-year term and replaces outgoing chairman Conor Whelan of Eason Group. The CEO of the Maxol Group, Brian Donaldson, is taking up the role of vice-chairman. Mr O’Byrne […]

Ulster Bank is to reduce its fixed rates for new and existing customers and make it easier for them to qualify for the new interest rates. The reductions are likely to tempt other banks to cut their lending costs. Ulster Bank said that half of all new customers – including first-time buyers and switchers – […]

The value of Irish M&A has plunged 86pc since the start of this year, with deals worth €4.1bn announced in the year to date compared to almost €29bn in the same period last year. The number of deals has held up better, falling just 12pc to 97 versus 110 a year ago, according to data […]

The Central Bank has issued a rebuke to a number of international lenders operating in Ireland for failing to meet regulatory obligations – in a sign of the watchdog’s greater focus on the sector following the fallout from the financial crisis. The Central Bank said its latest report on offshore banks focused on the “accuracy […]