Padraic's Feed
Jul 31, 2015

Bank of Ireland more than doubles first-half profit, capital up

DUBLIN (Reuters) – Bank of Ireland (BKIR.I: Quote, Profile, Research) more than doubled its profit in the first half of 2015 as it increased new lending and reduced loan impairment charges, generating more capital at a significant pace.

The bank, which was the only domestic lender to avoid falling under state control after the country’s 2008 financial crisis, reported on Friday an underlying pretax profit of 743 million euros (522 million pounds) in the first six months of the year, up from 327 million euros in the same period of 2014.

Jul 31, 2015

Bank of Ireland more than doubles H1 profit, capital up

DUBLIN, July 31 (Reuters) – Bank of Ireland more
than doubled its profit in the first half of 2015 as it
increased new lending and reduced loan impairment charges,
generating more capital at a significant pace.

The bank, which was the only domestic lender to avoid
falling under state control after the country’s 2008 financial
crisis, reported on Friday an underlying pretax profit of 743
million euros in the first six months of the year, up from 327
million euros in the same period of 2014.

Jul 30, 2015

Ireland says OECD rules limit scope of new corporate tax scheme

DUBLIN, July 30 (Reuters) – Guidelines set down by the OECD
leave Ireland no flexibility in its design of a new patent-based
tax regime aimed at multinationals, the Irish finance department
said on Thursday.

The new tax system will phase out the “Double Irish”
loophole, which saves companies billions of dollars. In its
place, Dublin plans to set up a “knowledge development box” in
October’s budget for 2016, similar to “patent boxes” in other
jurisdictions.

Jul 30, 2015

Irish economy grows strongly as it looks to lead EU again

DUBLIN (Reuters) – Ireland’s economy grew by 1.4 percent quarter-on-quarter in the first three months of the year, in a recovery that is forecast to make it the fastest-growing economy in Europe for the second year running in 2015.

Ireland’s economy expanded by 5.2 percent last year, revised up on Thursday from 4.8 percent previously, its best performance since 2007 before a property crash plunged it into recession and triggered a fiscal and banking crisis.

Jul 28, 2015
via FaithWorld

Ireland to give adopted people access to birth records for first time

Photo

(Celtic cross at Ballinskelligs Priory in County Kerry, Ireland, March 18, 2008/Ulrich Hartmann)

Ireland will allow tens of thousands of adopted people access to their birth certificates for the first time under proposed legislation that some advocacy groups say could still deprive many of their identities.

Jul 28, 2015

KKR and Irish investment fund bid to revive house building

DUBLIN (Reuters) – U.S. private equity firm KKR & Co LP (KKR.N: Quote, Profile, Research, Stock Buzz) and Ireland’s new strategic investment fund will launch a 500 million euro ($552 million) joint venture to provide credit for builders amid a severe housing shortage.

A rapid recovery from a housing crash in which prices halved between 2007 and 2010 has slowed in recent months, but delays in addressing shortages, particularly in Dublin, is keeping upward pressure on prices and stretching affordability for buyers.

Jul 28, 2015

Ireland told to keep Irish Water utility on govt books

DUBLIN, July 28 (Reuters) – European Union authorities have
told Ireland that the new Irish Water utility must be counted as
part of government finances, a political blow to the government
as it faces protests over the levying of direct charges for
water.

The government had sought to separate the utility from its
balance sheet but the EU statistics agency Eurostat ruled that
it must remain on it, Finance Minister Michael Noonan said on
Tuesday.

Jul 28, 2015

Irish bank permanent tsb posts small H1 profit, first since 2007

DUBLIN, July 28 (Reuters) – Ireland’s permanent tsb (PTSB)
on Tuesday reported an underlying profit of 1 million
euros for the first half, its first since 2007, reflecting lower
mortgage arrears and a rise in new business.

The small profit, in its first results since partly
returning to private ownership, compared to a loss of 171
million euros a year earlier.

Jul 27, 2015

Ireland to hand adopted people birth records for first time

DUBLIN (Reuters) – Ireland will allow tens of thousands of adopted people access to their birth certificates for the first time under proposed legislation that some advocacy groups say could still deprive many of their identities.

International laws say all children should be able to establish their identity but adopted people in Ireland, many of whom were sent for adoption in secret by Catholic institutions, have no automatic right to their birth records or access to tracing services.

Jul 27, 2015

Irish property recovery loses momentum after new restrictions

DUBLIN, July 27 (Reuters) – Irish residential property
prices rose at the slowest annual rate in more than a year in
June as new restrictions on mortgage lending have stunted the
market’s recovery from a real estate crash.

Compared to the previous month, prices rose just 0.1 percent
in June, the central statistics office said on Monday.