Industry & Business

Tag "Central Bank"

Hines and Peterson Group Acquire Landmark Dublin Properties

    Hines and Peterson Group Acquire Landmark Dublin Properties

Real estate companies Hines and Peterson Group have entered a partnership to acquire two iconic Dublin properties – the Central Bank buildings on Dame Street and 2 Grand Parade in

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During Euro Crisis, Finance Costs Increased Disproportionately for Small Enterprises

A research technical paper published by the Central Bank of Ireland on Monday, shows that the cost of bank finance “increased disproportionately for smaller enterprises” during the euro crisis. The

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Central Bank Fines Springboard Mortgages €4,500,000

    Central Bank Fines Springboard Mortgages €4,500,000

The Central Bank of Ireland fined Springboard mortgages €4,500,000 for failing in its obligations to tracker mortgage customers, it was announced on Tuesday, November 29.  This follows an enforcement investigation

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Central Bank warns “forget the lessons from the crisis at our peril” on non-performing loans

    Central Bank warns “forget the lessons from the crisis at our peril” on non-performing loans

A senior Central Bank official has warned that, while progress is being made by Irish banks on non-performing loans, they remain far too high. Addressing delegates at a Banking and

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Central Bank Revises Irish Growth Projections

After Brexit, the Central Bank has revised its growth projections for the Irish economy for the next year.

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Greenroom Investments to raise €100m to develop European solar farm portfolio

A new Irish renewable energy fund is aiming to raise €100m before Christmas and start building up a portfolio of solar farms across Europe. Fledgling fund Greenroom Investments received regulatory

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Philip Lane appointed new Central Bank Governor

Philip Lane, an economics professor at Trinity College Dublin, has been named as the new Governor of the Central Bank. He replaces Professor Patrick Honohan, who announced in May that

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Change is coming and going with new rounding scheme

The Central Bank launched the new rounding scheme, which will see cash transactions rounded up or down to the nearest five cent, thus removing the smaller bronze coins. Ireland is

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Central Bank to roll out rounding initiative on Wednesday October 28

    Central Bank to roll out rounding initiative on Wednesday October 28

Consumers will be able to opt out of rounding and 1c and 2c coins will still be legal tender. Rounding will apply only to cash payments ands, only to the

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New Central Bank chief to be named after budget

    New Central Bank chief to be named after budget

Minister for Finance Michael Noonan will wait until after Budget 2016 to nominate a successor to outgoing Central Bank governor Patrick Honohan. Although the Minister had been expected to bring

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Credit union lending slumps to 15-year low

    Credit union lending slumps to 15-year low

Lending by Ireland’s 354 credit unions slumped to a 15-year low of €3.5 billion in the 12 months to June 2015, due to a combination of reduced demand and lending

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Central Bank raises 2015 GDP forecast to 5.8 percent from 4.1percent

Ireland’s economic recovery accelerated in the first-half, expanding from the export sector to the domestic economy, prompting the Central Bank to revise its GDP forecast for 2015 up to 5.8

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