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

Union members cited ‘concern’ about flotation plans at AIB. Photograph: Reuters

Bank agree to extend agreement on job security until end of 2019

The Irish Times Inside Business podcast: Should Ireland have a minister for minimising damage from Brexit?

Switch by UK to WTO tariff rules could hit Irish agri-food sales by €800m

Ulster Bank has implemented controversial new salary ranges for staff ahead of a proposed ballot on pay. Photograph: Brenda Fitzsimons

Implementation ‘unacceptable, bad industrial relations’, says Financial Services Union

The S&P 500 and the Nasdaq were little changed in early trading on Wednesday as gains in tech stocks offset a weakness in the retail sector, while the Dow was pulled lower by healthcare shares. Photograph: Michael Nagle/Bloomberg

Theresa May’s Brexit speech weighed on Irish stocks as well as shares in London

Donald Trump: Last July, more than 140 inventors, entrepreneurs, engineers, investors, researchers and business leaders in the technology sector wrote a protest letter against him. Photograph:  Dominick Reuter/AFP/Getty Images

Those who spoke out against the US president-elect must wait to see what he may do

AIB: the bank was valued at €12.2bn by the Ireland Strategic Investment Fund  in 2015. Photograph: Cyril Byrne

IPO may be in May/June or in autumn but much depends on results and market value

Kennedy Wilson global chairman and chief executive Bill McMorrow at the company’s Dublin offices. Photograph: Brenda Fitzsimons

Directors’ remuneration at subsidiary of US property firm rose 46 per cent to €1.3 million

The winner receives a pair flights to London courtesy of CityJet, and a two-night stay for two at the Marleybone, a Doyle Collection hotel.

In a record entry, only one person got all the answers right to win a trip to London

The One Building in Dublin, one of the offices delivered last year: Cushman & Wakefield said 2017 should be “very promising” for the Irish market.

Cushman & Wakefield report predicts rents will rise to €646 per sq m

The Ilac Centre refurbishment will involve a redevelopment of the shopping centre’s Moore Mall South. Photograph: Eric Luke

Redevelopment forms part of owners’ plan to improve shopping centre’s tenant mix

Kieran Mulvey: independent mediator said plan to change salary ranges  “remains contentious” and called for further engagement between the parties. Photograph: Alan Betson

Bank and FSU yet to agree on a plan to change salary ranges in the Republic

Irish Life Investment Managers  managing director Patrick Burke. Photograph: Dara Mac Dónaill

Lack of housing supply a ‘very real issue’ for companies considering relocating to State

  Pearse Doherty  challenged narrative that the mortgage holders of loans bought by Cerberus were all customers who had not engaged with Ulster Bank. Photograph: Dara Mac Dónaill

Vulture funds must not be allowed to exploit loopholes and avoid paying proper taxes

Shareholders funds at Glen Electric Ltd at the year-end amounted to £321.5m, an increase of £25.6m on 2015

Turnover at Glen Electric Ltd declined 5.5% to £723m, while its pre-tax profit fell 49% to £19.4m

 Larry Broderick, general secretary of the Financial Services Union, said there was “significant concern” among KBC staff in Ireland that its parent could sell the operation here. Photograph: Bryan O’Brien

FSU urges bank’s CEO to end ‘uncertainty’ over whether Irish operation will be sold

Bank of Ireland has a near 21 per cent share of total mortgages in existence in Ireland and about 27 per cent of new business flow.

Bank says it will instead focus on serving its own home loan customer base

Sportdec was the number one ranked sports app in Ireland by Apple at the end of 2016 and was a top 30 sports app in the UK. The company has 17 staff in Ireland and Britain.

Sports tech firm aims to ‘disrupt’ sports industry with ‘best of sport in one place’ on app

The Zanzibar building on Dublin’s Lower Ormond Quay: the sale follows acquisition of the site for over €10 million, roughly double the €5 million asking price.  Photograph: Nick Bradshaw

Group intends to seek permission for over 100 bedrooms as part of a €45m investment

Millennium Park in Naas, Co Kildare: a business park and some 340 acres of development and agricultural land

Galway-based company paid €312m for Naas complex, later sold by Nama for €36m

The managing director at Ireland West Airport, Joe Gilmore: says the record passenger numbers is “good news” for the regional economy

Growth driven by four new services to Britain and first charter service from Boston

In Dublin, Kerry and Kingspan both finished 1.2 per cent lower, with Ryanair down 0.9 per cent. Photograph: Daniel Bockwoldt/EPA

Iseq heavyweights Kerry, Kingspan and Ryanair close day down

More than 80 per cent of Christmas Day banking activity originated on smartphones. Photograph: Andrew Gombert/EPA

Bank of Ireland even received ‘small number’ of mortgage applications on December 25th

Ballymore founder and chief executive Seán Mulryan (centre). Photograph: Alan Betson

Turnover at UK operation soars to £555.2 million from £99.3 million a year earlier

Setanta collapsed in April 2014 and its liquidation is being administered in Malta. Photograph: iStock

Dispute ongoing over which compensation body should pay €95m bill for failed insurer

Nama has 25 ghost estates remaining in its portfolio. Photograph: Eric Luke

Agency also plans to pay off all of its senior debt this year

Donal Roche: “Between the sale of Covestone to BofI and my two daughters taking over a lot of the family business, I have one foot in retirement.”

Company founded in 2008 has 150 investors and assets under management of €100m

SMBC CEO Peter Barrett described 2016 as a “landmark” year for the firm, with the company’s revenues surpassing $1 billion for the first time and its aircraft assets exceeding $10 billion

Total employee remuneration at Dublin-based SMBC Aviation Capital rises by 30% to €71.1m

AIB has already signalled that a ‘prudent dividend’ is likely to be paid in the new year. Photographer: Crispin Rodwell/Bloomberg

Investors may get dividends again, AIB may float and there may be more loans advanced

Seán Mulryan  of Ballymore Group at the launch of the proposed development of Dublin Landings. Photograph: Alan Betson

Seán Mulryan says group has also paid back RBS, KBC and other institutions

Jeremy Masding: A cap of €500,000 applies to the salaries of executives at the Irish banks that have the State as a shareholder. Photograph: Dara Mac Donaill

PTSB chief Masding says there should be three elements to executive pay

Ashford Castle, Cong, Co Mayo

From the Shelbourne to Ashford Castle: Large number opt for festive hotel packages

The Department of Finance is seeking public relations assistance with a possible flotation of AIB

Contract to run for 18 months and have an estimated value of €200,000

The Central Bank  is expected to end this year with 1,620 full-time equivalent employees. Photograph: Matt Kavanagh

Total reduced to 170 after assessment by governor Philip Lane

Former Permanent TSB executive Niall O’Grady has been appointed the new MD of Photograph: Eric Luke

O’Grady will take up new role in January with online insurer after 17 years with bank

Andrew Hastings

Australian lender employs 400 people in its subsidiary in Shannon and Dublin

Central Bank  governor Philip Lane: was taken to task by Oireachtas finance committee over regulator’s handling of tracker mortgage examination. Photograph: Gareth Chaney/Collins

There is merit in criticism of Central Bank’s role in mortgage tracker rate scandal

The  Central Bank told the Oireachtas finance committee that  more oversight of retail banks by boards of directors and by shareholders was needed

Central Bank says it acted to stop use of league tables to achieve new financial targets

Central Bank governor Philip Lane will face questions on the tracker mortgages controversy at the Finance Committee on Tuesday. Photograph: Eric Luke

Central Bank Governor Philip Lane says ‘significant risks’ remain for Irish banks

The Central Bank said  it expects lenders will have  commenced engagement with affect customers by  mid-2017.

Lenders expected to have ‘commenced engagement’ with customers by mid 2017

“While there is a considerable amount of new office space under construction, this is unlikely to flood the market”

New research from Savills shows rents for top offices in Dublin’s prime business locations are about €60 per square foot

Artist’s impression of the proposed hotel: it  is one of a number of new hotels being planned for Dublin, where there is a significant shortage of guest accommodation

Investment of €21m planned for Dublin hotel offering ‘compact luxury’ bedrooms

The new MD hopes to help Key Capital to double the level of assets under management in its wealth division to about €1 billion within three to five years.

Former head of Ryan family’s Irelandia Investments returns from stint in Australia

The Central Bank identified persistent low interest rates as a particular risk. Photograph: Matt Kavanagh

Regulator ‘confident’ that staffing issues involving relocations can be managed

Neither AIB nor the Department of Finance commented on  Edmund Honohan’s remarks. Photograph: Chris Maddaloni/Collins

High Court Master makes query after noting half of 98 cases before him involved AIB

“Governance practices are receiving increased scrutiny across all developed capital markets.” Photograph:  Juan Carlos Hidalgo/EPA

Appointment comes at time when shareholder activism is gathering pace around world

Minister for Social Protection Leo Varadkar:  asked Attorney General Máire Whelan if it was possible to intervene in the INM case. Photograph: Cyril Byrne

Leo Varadkar’s approach to INM pension is very different to that of last government

O’Dea returns as regulator from World Bank while Hodson and McGuire are promoted

Former INBS chief executive Michael Fingleton: The Central Bank’s inquiry into suspected regulatory breaches at Irish Nationwide Building Society is resuming its public hearings. Photograph: Alan Betson

Private equity firm says ‘no assurance can be given’ over commitments tied to home loans

Protesters outside the  INM emergency general meeting held last week in Dublin. Photograph: Eric Luke

Media group believed to have made financial offer in pursuit of swift agreement

Bank of Ireland diversification: Covestone Asset Management was put up for sale earlier this year by founder Donal Roche. Photograph: Bryan O’Brien

Covestone acquisition seen as signal of intent to move further into wealth management

David Harney, chief executive at Irish Life, on the balcony at his office on Abbey Street in Dublin. Photograph: Brenda Fitzsimons

Chief executive joined the company straight from school and took over the top job in June of this year

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