Minister for Finance Michael Noonan has indicated that the first window of opportunity for an IPO of AIB shares is May or June of this year

Fees will be recouped from AIB if initial public offering of shares goes ahead

Richie Boucher: variously described as driven, committed, focused, resolute, and hardworking. Photograph: Aidan Crawley

Highly regarded chief executive led Bank of Ireland out of post-bailout wilderness

Richie Boucher will remain in his role as Bank of Ireland chief executive until a successor is found. Photograph: Aidan Crawley

Chief executive who led bank through recession says time is right to hand over baton

27/04/2010 NEWS  Bank of Ireland and ICS were required to reinstate the tracker rates set out in the original loan documentation, and to pay redress.  Photograph: Eric Luke

Why did it take the Central Bank so long to get on top of this issue?

Brian Hayes: “It is reassuring to know   Single Supervisory Mechanism is closely watching the hunt for business arising out of Brexit.”   Photograph: Alan Betson

Brian Hayes calls for level playing field in bids by rival centres to gain jobs post-Brexit

The Department of Finance has appointed Citigroup Global Markets, Goldman Sachs International, Goodbody Stockbrokers, JP Morgan and UBS as bookrunners for an IPO, and Investec Bank as co-lead manager.  Photograph: Reuters

Partial initial public offering may take place within months; State likely to offer 25% stake

Staff were informed of the bank’s plans on Thursday and have been told that the redundancies will be voluntary-led

FSU union describes branch closures and 220 job cuts as ‘shocking’

Shane O’Sullivan has been with PTSB since 2000 Photograph: Fennell

O’Sullivan previously managed bank’s non-perfoming loans

The Central Bank can fine lenders up to €5 million in relation to the tracker issue.

Central Bank identifies nearly 10,000 account holders affected by tracker issue

Garda number-plate recognition: first phase would involve insurers providing insured and uninsured vehicle lists to An Garda Síochána based on an existing database. Photograph: Cyril Byrne

Technology to detect uninsured drivers on Irish roads not widespread for two-plus years

Martin McGuinness. The late former  deputy first minister of Northern Ireland campaigned to avoid Brexit. Photograph: Gareth Chaney/Collins

Outcome McGuinness campaigned to avoid likely to worsen dysfunctional economy

AIB CEO Bernard Byrne and Tánaiste Frances Fitzgerald at the launch of the AIB and Irish Life report, “Growth and Governance in the Nonprofit Sector”. Photograph: Shane O’Neill

Report on €10bn sector, rocked by scandals, finds strong governance and plans to expand

Bank of Ireland (UK)’s  after-tax profit was reduced by 13 per cent to £164m in the  year to the end of December.

Bank of Ireland’s profits in Northern Ireland rise sharply in 2016 to £50m up from £7m

Mount Wolseley: the price is almost twice the €7.5 million paid by Tetrarch Capital (then  Brehon Capital) on behalf of  investors when it was acquired out of examinership in 2014

Hotel, spa and golf course on the market with another €1.75m sought for 16 four-bed lodges

Davy expects pretax profit of €148 million for PTSB in 2019, down from €178 million previously. Photograph: Alan Betson

Stockbroker reduces profit forecast due to lower than expected impairment writebacks

The biggest deal  of 2016 involved the sale of the former Burlington Hotel, known as the Double Tree by Hilton, for €182 million to German asset manager Deka Bank

New research shows €182m sale of former Burlington Hotel was biggest of 51 deals

PAC chairman Seán Fleming at the publication of the committee’s report on Nama’s  Project Eagle sale. Photograph: Cyril Byrne

Agency fails to recognise process failures or respond with humility to the PAC report

Minister for Finance Michael Noonan has expressed confidence in Nama, despite the findings of a PAC report. File photograph: Gareth Chaney/Collins

Minister also defends his meeting with Cerberus ahead of deadline for Project Eagle bids

 Pictured at   Enterprise Town launch in Birr Co Offaly were  David Merriman,  Bank of Ireland, Owen Finn, Shannonbridge Pottery, Mary Walsh-Kinsella , Castle Courtyard Cafe and Kevin Mahon  My Tee Print and Embroidery. Photograph: Seán Curtin/True Media

Initiative designed to boost economic activity and foster networking in local areas

INM titles the Herald and the Sunday World both recorded steep declines in their newspaper circulations in the second half of 2016. Photograph: Frank Miller

Irish media group will hire tabloid platform editor to lead new seven-day newsroom

Agile will move its operations into PlanNet21’s building in Citywest in Co Dublin as part of the deal. Photograph: Google Street View

MD of Dublin tech solutions company hopes to double turnover within three years

European Commission has said that Irish banks’ stock of non-performing loans “remains high and shows signs of stickiness”. Photograph: Thierry Roge

European Commission says resolution of loans needs to ‘regain momentum’

No remuneration was paid during the year by Ballymore Residential to founder Sean Mulryan. Photograph: Alan Betson

Ballymore Residential closes the year with net liabilities of just more than €62m

AIB has a 1 per cent market share in the UK, which accounts for 11 per cent of its operating profit. Photograph: Cyril Byrne

Move is designed to improve efficiency and focus with 180-200 staff set to exit bank

AIB: The bank predicts that new mortgage lending in Ireland will normalise at about €10bn in the coming years, for a market of 25,000-30,000 newly built houses a year. Photograph: Nick Bradshaw

Bank wants to reduce non-performing loans from €14bn to €3-4bn over next three years

GAA star Jonny Cooper helps Dublin sponsor AIG launch a new  jersey in 2016. The insurer has decided to make Luxembourg, not Ireland,  its European base post-Brexit. Photograph: Stephen McCarthy/Sportsfile

Announcements promised as insurer opts for Luxembourg base

Permanent TSB chief executive Jeremy Masding said the bank had a “bias not to do repossessions”. Photograph: Dara Mac Dónaill

Bank’s full-year results for 2016 show after-tax loss of €266 million

The new system will  see insurance companies sharing data on insured drivers with gardaí. File photograph: Bryan O’Brien

Automatic number plate checks begin in September, says Minister

Speaking to ‘Inside Business’, an ‘Irish Times’ podcast, Ed Sibley, the Central Bank’s director of credit institutions, said the data on women in senior positions “reflects quite a poor picture”.

Regulator’s head of credit supervision says data ‘reflects quite a poor picture’

AIG Ireland is based in the IFSC. Dublin finished as runner-up to Luxembourg as the insurer’s choice of location for its post-Brexit European regional headquarters. Photograph: Bryan O’Brien

AIG Europe chief tells Government insurer will continue focus on growth in Ireland

Permanent TSB: Some 13,000 mortgage customers remain in arrears and default and repossessions or a portfolio sale are unpalatable options for a bank that is still majority State owned. Photograph: Alan Betson/The Irish Times

A small bank in a small market, PTSB punches below its weight in new lending

Permanent TSB chief executive Jeremy Masding: he received an increase of 11 per cent or €50,000 in his total remuneration last year, according to the bank’s annual report published on Wednesday. Photograph: Dara Mac Dónaill/The Irish Times

Increase of 6% in salary to €425,000 still leaves remuneration within Government cap

Permanent TSB said on Wednesday it made a “headline” profit before exceptional items and tax of €188 million. This included a €29 million gain on the sale of its stake in Visa Europe.  (Photograph: Alan Betson / The Irish Times)

State controlled bank booked €414m in disposal and restructuring costs last year; bank says it won’t pay dividend in 2017

 Allied Irish Bank: 99.9 per cent owned by the taxpayer.  Photograph: Paul McErlane/Reuters

Minister’s priority is to achieve best price for the State, but there will be no hard sell

The banks have argued that there was no standard approach to the calculation of APRs, which are an illustrative rate used in advertising. Photograph: Bryan O’Brien

Central Bank reviewing AIB, Bank of Ireland, KBC and Permanent TSB

The Government plans to sell shares in AIB to small investors as well as institutions as part of its initial public offering of stock in the bank, which could happen as early as May or June this year.

Retail investors would have to pay at least €10,000 to participate in bank’s IPO

Permanent TSB, which is 75 per cent State owned, has confirmed the appointment of Robert Elliott as its next chairman with effect from March 31st

Elliott succeeds Alan Cook who is retiring from 75% State-owned bank after six years

Ulster Bank: has already closed a large number of branches since the crash. Photograph: Nick Bradshaw

Branch closures in Northern Ireland also believed to be under consideration

Moody’s says that under the revised mortgage-to-rent scheme,  investors can buy back more properties from  borrowers, who in turn can  achieve certainty of occupancy through  long-term leasing. Photograph: Rui Vieira/PA

Revised scheme can benefit investors and struggling borrowers, says ratings agency

Fitch said Bank of Ireland’s asset quality was better than AIB’s, reflecting its “lower stock of impaired loans and its better-performing UK residential mortgages”.

Move hinges on asset quality and capitalisation continuing to improve

The State is expected to offer 25 per cent of AIB’s shares to institutional investors. Photograph: Nick Bradshaw

Bank has pre-tax profit of €1.7bn and is ready for stock market listing, says chief executive

Colin Morgan, new CEO at Key Capital

Finance firm’s cofounder Killeen to stay on as group’s chairman

 Fiona Muldoon, chief executive of FBD Insurance: “Understanding and pricing risk means you need enough data to do it properly.” Photograph: Eric Luke

‘Premiums will stay high for as long as the level of court awards are as high as they are’

Chief financial officer Mark Bourke and chief executive Bernard Byrne at the announcement of AIB’s annual results in Dublin on Thursday. Photograph: Nick Bradshaw

Analysis: Political developments could hold up State’s plan to sell 25% of bank

AIB chief executive Bernard Byrne has apologised to customers for failures relating to tracker mortgages. Photograph Nick Bradshaw

No increase for pensioners of the bank in spite of five-year moratorium expiring

AIB chief executive Bernard Byrne: his basic salary increased by 4.3 per cent to €500,000, the maximum allowed under the Government’s salary cap

Chief executive Bernard Byrne’s total payment rose to €600,000 last year

Photograph: Cyril Byrne

Michael Noonan says results confirm view that 2017 is appropriate time to consider IPO

The Central Bank’s move is designed to avoid a repeat of the chaos that followed the collapse of Malta-regulated Setanta Insurance in 2014 and Gibraltar’s Enterprise Insurance last year, leaving €100 million in unpaid claims. Photograph: Matt Kavanagh

Central Bank says insurers must inform consumers if they are not incorporated here

Moody’s expects Bank of Ireland to continue to maintain “conservative” capital levels through earnings generation and “prudent” capital management.

Bank’s results for last year showed 16 per cent decline in pre-tax profit to €1 billion plus

FBD’s  motor customers have been hit with premium rises of 50 per cent over the past three years. Photograph: Barry Batchelor/PA Wire

High time Government tackled big ticket items that could affect underlying issue

Fiona Muldoon, group chief executive of FBD: “We did get a little lucky.” Photograph: Alan Betson

Insurer is back in the black after a mild winter, but CEO Fiona Muldoon is cautious

Bank of Ireland CEO Richie Boucher said he expects to increase new lending from the €13 billion in 2016, but the bank faces headwinds from Brexit and from rising costs. Photograph: Frantzesco Kangaris/Bloomberg

Analysis: Disappointment as no dividend announced despite pre-tax profit of €1bn

Directors’ remuneration at Bank of Ireland increased by 2 per cent to €2.87 million last year

Bank chief received €958,000 last year with decline in pension payment

Bank of Ireland has reported an underlying profit of €1.07 billion in 2016, according to full year results published Friday. The bank said all of its divisions were profitable during the year

Bank signals that ‘modest’ dividend will be paid next year for 2017 period

Comptroller and Auditor General Séamus McCarthy: said that, for most public bodies, financial statements should be presented for audit within two to three months of the end of the accounting period. Photograph: Frank Miller

Education and training boards had high level of arrears, C&AG report reveals

Michael O’Leary, pretending to be an undertaker, protests the official opening of Dublin Airport’s Terminal 2  on November 19th, 2010. Photograph: Matt Kavanagh

Whether built privately or publicly, another terminal would take air traffic from regions

FSU general secretary Larry Broderick:  “It could take up to 35 years to move from the bottom of a junior level scale to the top of that scale”

Financial Services Union wants at least one bank branch to be kept open in each town

AIB received a €20.8bn taxpayer bailout during the financial crisis while the State continues to hold an almost 14% stake in Bank of Ireland as a consequence of that emergency.

AIB pressed to pay ‘progressive’ dividends to drive valuation

Taxpayers own 99.9%  of AIB, and this holding was valued at €11.3bn at December 31st, 2016, down from €12.2bn   a year earlier

Stock market flotation by the Government of 25% of AIB could yield €2.8bn

AIB: The deal with the bank’s FSU employees includes an average 2.75 per cent pay increase both this year and next. Photograph: Bryan O’Brien

No compulsory redundancies until 2019 and bank to bear pension management fees

Bank of Ireland has embarked on a major upgrade of its IT system. Photograph: Bryan O’Brien

Goodbody analyst also predicts increase in IT investment due to cost inflation

Some 54% of senior executives believe their board members lack the understanding and tools to effectively oversee opportunities and risks to corporate reputation

Survey finds 85% of executives agree that managing reputation is more important today than in the past

Between 2015 and 2016 the advertising standards authority upheld 11 complaints against Eir and two against its mobile subsidiary Meteor.

Consumer complainants objected to Eir quoting three prices for broadband bundles

The Central Bank of Ireland has fined Dublin-based Kinsale Capital Management  €275,000 and reprimanded it for breaches of EU financial markets regulations.

Offences relate to a failure to carry out adequate assessments of certain clients

FSU general secretary Larry Broderick: banking and financial services could be growth areas for the Northern Ireland economy.  Photograph: Leon Farrell/Photocall Ireland

FSU seeks policies for banking, governance, investment and Brexit protection

According to Chill Money, a process will be conducted online with customers which will establish in less than four minutes if they qualify for a loan

Service has been launched online and will offer amounts from €3,000 to €50,000 to be repaid over one to five years

Moss Bros already operates from the Liffey Valley shopping centre, and has a Savoy Taylors Guild outlet in Kildare Village

British menswear retailer likely to be paying rent of up to €4,000 per square metre

Eamonn Crowley

Accountant joins PTSB from AIB’s former Polish subsidiary

Sean Mulryan, chairman and group chief executive of Ballymore Group  Photograph: Alan Betson 06/10/2016 -- Sean Mulryan is Chairman and Group Chief Executive of Ballymore Group  in front of a  Model of the proposed development of Dublin Landings by Ballymore Group, which is situated along Dublins North Wall Quay. Developments rights for the 2.35 hectare site were secured by Oxley Docklands Quay Ltd. 1,000,000 sq ft mixed used development with 7000,000 st ft of Grada A office and retail space with 273 luxury residential apartments. Photograph: Alan Betson / The Irish Times

Irish developer has exited Nama and is shortlisted in Property Awards 2017

 Wim Verbraeken, chief executive  of KBC Bank Ireland: “Overall, KBC is very positive about the long-term future in Ireland.” Photograph: Alan Betson

CEO Wim Verbraeken hopes to fully resolve tracker mortgage overcharging issue in 2017

FBD says the oak tree logo in its advertising campaign represents its long-standing commitment to the protection of its 500,000 customers

Irish insurer begins major advertising campaign after years of restructuring and downsizing

Aryzta chief executive Owen Killian: His position had become untenable after the group warned in late January that its earnings could plummet by 20 per cent this year as it lost biscuit and other baked goods contracts in the US. Photograph: Cyril Byrne

What is the optimum professional life span for the rise and fall of a chief executive?

Irish Life is the third-ranked player in the health insurance sector. File photograph: Getty Images

Parent firm generated C$117m between August and December

Minister for Finance Michael Noonan has said the Government could instigate an AIB share sale as early as May or June. Photograph: Cyril Byrne

Department of Finance appoints two PR firms on €200,000 18-month contract

The Central Bank had issued €12 million in fines in 2016, the largest annual amount it had ever levied against firms. Photograph: Matt Kavanagh

Regulator says headcount for the year end would be close to 1,620 employees

Neria Wang from China at the launch of the Dublin Chinese New Year Festival: Ireland was the fifth-largest market in Europe for Chinese investment in 2016. Photograph: Cyril Byrne

HNA Group purchase of Avolon propelled Ireland up rankings for FDI from China

In another case, a borrower in Dublin has found  the sum they owed was now  €144,000 more than the original mortgage loan, due to the build-up of arrears

Private equity fund extends elderly couple loan of up to €300,000 on giving up property

Pepper Ireland chief executive Paul Doddrell with Shamrock Rovers chief executive Brendan Murray in Tallaght Stadium. Photograph: Maggie Doherty

Mortgage lender Pepper Money agrees two-year deal with League of Ireland soccer club

 Larry Broderick: “I fail to see the logic behind a withdrawal from the Irish market and the subsequent loss of talent that KBC Ireland, and by extension the wider group, would suffer.”  Photograph:Tommy Clancy

Larry Broderick tells Belgian bank of value of its Irish operation ahead of Q4 results

Allianz currently owns 66.5 per cent of the Irish entity, having bought into AGF Irish Life in 1998. Photograph: Martin Leissl/Bloomberg/Getty Images

German insurer’s move will net Irish Life more than €145m for its 30% stake

VHI director of marketing Declan Moran: “Clinics have significant further potential and are  key element of VHI’s overall diversified products and services strategy”

State-owned insurer buys out Centric Health to take 100% control of walk-in injury centres

Nama’s 	third-quarter accounts show that it made a profit of €795 million in the first nine months of last year. Photograph: Cyril Byrne

Latest accounts show impact of Government move to tackle special-purpose vehicles

Richard Hooper, former chairman of Jurys Doyle group,  Seán Dunne and Pat McCann, former Jurys CEO and now head of Dalata,    in October 2005 after Dunne bought the   Jury’s Hotel and Berkeley Court site for €400 million.  Photograph: Frank Miller

Pat McCann recalls out-of-body experience when developer made offer for hotel

New home loans advanced by credit unions in 2016 amounted to just €37.1 million out of a total of €6.7 billion. Photograph: Miguel Medina/AFP/Getty Images

Sector has been agitating for some time to be allowed to expand lending for home loans

AIB says the funding will assist farmers at a time of uncertainty, with the agri sector potentially the most impacted by the UK’s Brexit vote. Photograph: Bryan O’Brien

Strategic Banking Corporation of Ireland funds to aid farmers and agriculture SMEs

Ulster Bank said the new salary ranges would come into effect “immediately for new staff and where beneficial for the purposes of pay reviews”. Photograph: Bryan O’Brien

Union welcomes bank’s invitation to talks on implementation of new salary ranges

Under the existing rules, credit unions are permitted to invest in a range of specified classes.

Review will look at whether to facilitate investment of members’ funds elsewhere

 Donald Trump: investors have been assessing the potential for political fallout from immigration ban. Photograph: Jonathan Ernst/Reuters

Greek stocks hit hard in Europe due to growing concerns over bailout payment

Moody’s said the level of non-performing mortgages remained high, and loans in long-term arrears make up the majority of the total, posing tail risks for Irish banks.

Moody’s says lack of supply and help-to-buy will lead to price rises

Martin Shanahan: said 45 Australian companies had already invested in Ireland, creating a combined 3,000-plus jobs. Photograph: Maxwells

IDA chief ‘optimistic’ of more investment from Asia Pacific region post-Brexit

Brian Hayes: says the time is “ripe” for the Government to “proactively engage in climate-friendly initiatives” such as green bonds

Irish MEP says green bonds would help finance renewable projects and send signal environmental issues are ‘national priority’

Iput’s chief executive Niall Gaffney: “We’re regenerating our own income and growing that dividend organically from the portfolio.” Photograph: Eric Luke

Unlisted fund says it has 400,000sq ft of Dublin office space in the pipeline

Asian Infrastructure Investment Bank president Jin Liqun. Photograph: Jason Alden/Bloomberg

The move is designed to strengthen Irish links to Asia, China in particular

Greencore chief executive Patrick Coveney: remuneration of about  €2.5 million last year. Photograph: Cyril Byrne

Public unease with disparities in income has continued to grow since the 2008 crash

Pierre Moscovici, EU Commissioner for Economic and Financial Affairs, Taxation and Customs, at The Irish Times Corporate Tax Summit, in the Westin Hotel, Dublin. Photograph: Dara Mac Dónaill

Moscovici rejects Government’s claim that CCCTB would lower Irish corporate tax base

Bank of Ireland Private Banking’s Diversified Private Markets Fund is expected to close to investment in March.

Fund aimed at high-net-worth clients targets annual returns of 9-11 per cent

Patricia King, general secretary ICTU. Photograph: Eric Luke

Bank to implement new salary levels without union consultation

Minister for  Finance Michael Noonan: declined to name  the banks involved with  the frozen  deposits. File photograph: Cathal McNaughton/Reuters

Three deposits totalling €1.14m connected to al-Qaeda were frozen, blocked or refused

Businessman Seán Quinn: in dispute with IBRC over loans of €2.3 billion connected with the former Anglo Irish Bank. Photograph: Dara Mac Dónaill

Minister for Finance declines to comment in Dáil on costs incurred by IBRC liquidators

Linked Finance’s  plan is to have lent more than €350 million to SMEs by 2020. Photograph: Getty

Liquidity boost helps Irish firm’s plans to be biggest non-bank lender to SMEs

More articles