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01/04/2011
Bank of Ireland Shares 'On The Rise'
A day after the publication of the Irish banking system stress test results, the Bank of Ireland have announced a rise in shares.
The 33% jump is said to be a result of the government not having to take a majority stake in the firm.
The stress tests concluded that Irish banks will need an injection of 24bn euros (£21.2bn) to survive the financial crisis.
Being able to meet capital requirements, the Bank of Ireland would be able to remain independent
however, in early trading, shares in Irish Life & Permanent fell 65%.
Emer Lang, a Dublin Banking Analyst with Davy's, told the BBC: "It seems very likely that the government will end up owning a majority stake in Irish Life & Permanent.
Bank of Ireland has been ordered to raise 5.2bn euros ($7.4bn; £4.6bn) by early summer to meet capital requirements. The bank said it would do so.
"It has potential to raise some of that through further debt management."
Ms Lang added: "Some of the rest might come from existing shareholders, thus minimising the government's involvement."
"The Irish Republic's government currently owns a 36% stake in Bank of Ireland. Investors hope it will keep its stake below 50%.
"The Bank of Ireland has at least a fighting chance of maintaining its independence.”
"It has three months to keep itself out of the government's hands."
(BMcN)
The 33% jump is said to be a result of the government not having to take a majority stake in the firm.
The stress tests concluded that Irish banks will need an injection of 24bn euros (£21.2bn) to survive the financial crisis.
Being able to meet capital requirements, the Bank of Ireland would be able to remain independent
however, in early trading, shares in Irish Life & Permanent fell 65%.
Emer Lang, a Dublin Banking Analyst with Davy's, told the BBC: "It seems very likely that the government will end up owning a majority stake in Irish Life & Permanent.
Bank of Ireland has been ordered to raise 5.2bn euros ($7.4bn; £4.6bn) by early summer to meet capital requirements. The bank said it would do so.
"It has potential to raise some of that through further debt management."
Ms Lang added: "Some of the rest might come from existing shareholders, thus minimising the government's involvement."
"The Irish Republic's government currently owns a 36% stake in Bank of Ireland. Investors hope it will keep its stake below 50%.
"The Bank of Ireland has at least a fighting chance of maintaining its independence.”
"It has three months to keep itself out of the government's hands."
(BMcN)
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Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
08 November 2002
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
11 January 2011
Greens 'Believe Cowen's FitzPatrick Statement'
Ireland's Green Party has today given its formal response to last night's statement by Taoiseach Brian Cowen about his contacts with former Anglo Irish Bank Chairman Sean FitzPatrick.
Greens 'Believe Cowen's FitzPatrick Statement'
Ireland's Green Party has today given its formal response to last night's statement by Taoiseach Brian Cowen about his contacts with former Anglo Irish Bank Chairman Sean FitzPatrick.
29 May 2018
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
31 March 2011
Irish Bank 'Stress Tests' To Be Published
Trading in the Bank of Ireland and AIB has now been suspended for 24 hours. The move comes ahead of the publication of crucial stress tests today by the government. The full extent of financial trouble within the banks will be detailed late this afternoon.
Irish Bank 'Stress Tests' To Be Published
Trading in the Bank of Ireland and AIB has now been suspended for 24 hours. The move comes ahead of the publication of crucial stress tests today by the government. The full extent of financial trouble within the banks will be detailed late this afternoon.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
