Ornua, the largest exporter of primary Irish dairy products with annualised sales of about €2 billion across 110 countries, has secured new five-year syndicated bank facilities of €610 million, replacing
The European Investment Bank is to provide a loan of €490 million to support construction of the new children’s hospital in Dublin. This represents the largest ever financial engagement by
The European Investment Fund (part of the EIB Group) and the Strategic Banking Corporation of Ireland (SBCI) have tripled their finance for Irish SMEs under the COSME programme in Ireland
Limerick’s economic resurgence has taken another giant step forward as the European Investment Bank (EIB) confirmed a record commitment for an urban Ireland investment programme for the city. EIB will
HBAN (Halo Business Angel Network), the all-island group responsible for the promotion of business angel investment in Ireland, plans to increase the amount invested in Irish start-ups by HBAN angels to
Suir Valley Ventures, the entrepreneur-led venture capital fund, launched in February 2017, has, together with private investors, invested a combined total of €1,000,000 in ProVision Vehicle Cameras, a leading Internet
FEXCO, one of Ireland’s most successful multinational financial services companies is about to complete its latest acquisition in the UK. This will be FEXCO’s seventh acquisition in the UK over
MetLife, which is one of the world’s leading financial services companies, has officially celebrated the opening of a new Global Technology Campus in Galway. With plans to employ approximately 200
The European Commission has found the prolongation until 30 April 2018 of an Irish scheme aimed at restructuring credit unions, to be in line with EU state aid rules, and in
The European Parliament, the Council and the Commission have agreed on elements of the review of the Bank Recovery and Resolution Directive (BRRD) and of the Capital Requirements Regulation (CRR)
The number of credit institutions in the euro area banking sector declined by 25% between 2008 and 2016, according to the ECB’s 2017 Report on financial structures (RFS). On an
Initiative Ireland has launched Ireland’s first syndicated property finance platform (www.initiativeireland.ie). The launch coincides with the company’s pre-approval of a €1.5 million secured loan, which has been approved for funding
The European Investment Bank will provide €60 million towards development of the NUI Galway campus. The first ever loan to the university from Europe’s long-term lending institution will finance construction
Ibec, the group that represents Irish business, has reacted positively to Budget 2018, stating that it will help support further job creation and business investment. It noted that while the
An Taoiseach Leo Varadkar and Tánaiste Frances Fitzgerald, along with IDA Ireland have welcomed the announcement by XL Group that it has selected Dublin as its preferred location for its
The Irish Stock Exchange (ISE) plc has recorded another strong financial year with results published this week showing a 21% rise in profit after tax to €8m (2015: €6.6m). Revenues grew
The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe, has published the Review of Ireland’s Corporation Tax Code, undertaken by Mr Seamus Coffey. Mr Coffey was appointed as an
An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald recently joined Bill Graebel, CEO of Graebel Companies Inc., to announce the official opening of the company’s newly established
ISME has published the results of its latest Government Satisfaction Survey, showing that SMEs overall satisfaction with the Government experienced another improvement on the previous quarter. The Association welcomes the
Kabbage, a company with some 115,000 customers and $3.5 billion in loans that has built an automated platform for lending money to small businesses and individuals using data points to
IDA Ireland has welcomed Bank of America confirmation that it has chosen Dublin as the preferred location for its principal EU legal entities following the UK’s departure from the EU.
Visa and PayPal have announced an extension of their strategic partnership to Europe. The two companies are already collaborating in the US and Asia Pacific to accelerate the adoption of
Barclays has announced that it plans to use its licensed EU subsidiary to allow it to continue passported activity post-Brexit. Martin Shanahan, CEO of IDA Ireland said: “This announcement by
Insurance firm Beazley plc is to establish a European insurance company in Dublin. The company, which is an IDA Ireland
The Davy Group has acquired Danske Bank UK’s discretionary portfolio management wealth business for an undisclosed sum. The deal involves
Prepaid Financial Services (PFS) and its sister company eCOMM Merchant Solutions have announced that are launching a major recruitment drive
Financial Services Ireland (FSI) and the National College of Ireland (NCI) has announced two newly accredited International Financial Services paid
Bank of China has announced the opening of its Dublin branch, in a sign of the growing importance of economic
Barclays Bank Ireland has announced the appointment of Kevin Wall as its new chief executive. He succeeds Sarah Wiggins who will
BNY Mellon, a global leader in investment management and investment servicing, is celebrating 15 years of operations in Wexford. BNY
The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor, Minister for Finance Michael Noonan and Northern Trust have announced
Grant Thornton has announced it is to create 250 new jobs across all areas of its business operations in Ireland.
Peer-to-Peer (P2P) lending platform Linked Finance has received full authorisation by the UK’s Financial Conduct Authority (FCA) which will enable
BC Bank Ireland has announced that as part of KBC Bright Ideas it has doubled its support fund to €200,000
IDA Ireland has welcomed JP Morgan’s announcement that it will be expanding its operations significantly in Dublin. The global financial
Early and new start companies across Ireland are being encouraged to enter the 15th annual Seedcorn Investor Readiness Competition to
FundRock Management Company S.A., a leading independent UCITS Fund Management Company and AIFM (Alternative Investment Fund Manager), has opened its
The Minister for Jobs, Enterprise & Innovation, Mary Mitchell O’Connor has announced that up to €44 million is being made
Income tax (including USC) is the largest individual source of tax revenue in Ireland, accounting for over 35% of the
As part of a major restructuring of the business, Ulster Bank has announced it will close 22 of its branches
A fund run by former executives at Goldman Sachs has received €50m from the Irish Strategic Investment Fund (ISIF) to
Hopes that global insurer AIG might relocate its European regional HQ to Dublin from London have been dashed, with Luxembourg
AIB announced annual pre-tax profits of €1.7 Billion and proposed a dividend of €250 million on Thursday. In a statement,
Two Competitive Start Fund (CSF) competitions worth a total of €1 million in funding from Enterprise Ireland will open for
Nutrition company Glanbia announced the proposed sale of 60% of Dairy Ireland on Wednesday as results for the year 2016 were
OncoMark, a University College Dublin (UCD) spin-out company, announced on Wednesday that it has secured €2.1 million to fund the commercialisation
Post provided by Mazars. From building technologies and enhanced decision-making systems, the advances in both digital technology and connectivity with
Eir announced on Friday that all three ratings agencies; Moody’s Investors Service, Standard & Poor’s, and Fitch Ratings have each
Shard Capital Partners LLP announcesd on Thursday the launch and first closing of the Suir Valley Venture Fund of Suir
State agency Enterprise Ireland announced on Thursday that it invested €32 million in Irish start-ups in 2016 and supported a
KBC banking group on Thursday released preliminary results for their Irish operations 2016, in which it confirmed its long-term commitment
The Government-funded, not-for-profit lender, Microfinance Ireland (MFI), supported the creation of almost 1,000 Irish jobs through loans to small business
The Taoiseach and Minister Simon Coveney launched a major national consultation for the preparation of a strategic planning and development
Minister for International Financial Services Eoghan Murphy, published the IFS2020 Action Plan for 2017 on Monday. The IFS2020 Strategy is
Card payment service provider EVO Payments International plans to open a new Irish headquarters and create 50 new jobs as part
Digital company SilverCloud Health raised $8.1 million in Series A funding, the Department of Jobs announced on Thursday. Venture capital firm B
Enterprise Ireland announced on Thursday a new Competitive Start Fund (CSF) of up to €750,000 to support start up activity
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