The AIB partial initial public offering  drew about €13.5bn  of orders. Photograph: Aidan Crawley

AIB shares rise 5.7% following Europe’s largest IPO this year

 Minister for Finance Paschal Donohoe speaking to reporters about the AIB flotation. Photograph: Cyril Byrne/The Irish Times

Small investors had to commit at least €10,000 in IPO

Minister for Finance Paschal Donohoe addressing reporters on Friday. He said the Government must use the proceeds “to get our national debt down at a point in which we’re seeing uncertainty and risks develop elsewhere in the world”. Photograph: Cyril Byrne

Minister for Finance pointed to ‘uncertainty and risks’ in other parts of world

Bernard Byrne, the chief executive of AIB told staff they should be “very proud” after the government sold a stake in the bank. (Photograph: Alan Betson/The Irish Times)

Bernard Byrne recalls ‘difficult decisions’ as AIB returns to main stock markets

By selling an initial 28.8 per cent stake in AIB to stock market investors on Friday for a total of €3.4 billion, the State has now recovered a total of about €10.3 billion in cash from the bank

Will the State recover the €20.8bn the bank owes the taxpayers, and other questions

Former minister of state for European affairs Lucinda Creighton said Brexit had begun to dominate her consultancy work. Photograph: Cyril Byrne

Race to hire ‘Brexit talent’ turns to former politicians and government staff

As Dublin vies with Luxembourg, Frankfurt and Paris to woobankers, insurers and fund managers from London as the UK prepares to exit the European Union, Ireland is widening its pitch to “Brexit Plus”. (Photograph: Dara Mac Dónaill / THE IRISH TIMES)

It lost Lloyd’s to Brussels and AIG to Luxembourg, but Dublin is still in the frame for financial services companies looking to st(...)

Small investors had to commit to buying at least €10,000 of AIB shares to participate.

Value of bank set at €11.94bn with shares in IPO pitched at €4.40 each

The Cannon bothers most high-profile purchase was in 2007 when they acquired development land at the Checkpoint Charlie site. Photograph: Getty

US private equity firm provides Cannon Kirk with over €100m to help pay debt

Sources said the AIB deal was well oversubscribed

Pricing at €4.40 per share gives bank an €11.9bn market value

AIB’s partial IPO is set to price on Thursday evening. Photograph: Bloomberg

Advisers warn orders below €4.40 per share risk missing out

The Central Bank is preparing to issue a discussion paper on financial technology.  Photograph: Alan Betson

Conference hears Ireland should be wary of Macron-inspired renewed ‘zeal for Europe’

Central Bank has given approval to Chaucer to set up a Dublin subsidiary. Photograph:  Matt Kavanagh

Chaucer was acquired by US group Hanover Insurance in 2011 in £292m deal

Small investors will receive, on average, 75 per cent of the shares for which they applied.  Photograph: Reuters

Price range of IPO narrowed to €4.30 to €4.50 on Wednesday

Over 40 per cent of KBC Bank Ireland’s €12.4 billion mortgage-dominated loan book was classified as impaired in March.

Belgian group affirmed its commitment to Ireland in February after years of speculation

Johan Thijs, KBC group chief executive, photographed during a press briefing at KBC HQ Dublin. Photograph: Brenda Fitzsimons

Belgian financial giant to use Ireland as base to try new digital applications

AIB IPO: investment banks working on the transaction revealed on Tuesday evening that the State’s disposal of up to a 28.8 per cent interest in AIB to new investors is now set to be priced at between €4.20 and €4.60 per share.

Maximum taxpayer proceeds from 28.8% stake sale dips to €3.6bn from €3.8bn

Monaco marina. Superyachts require a major survey service every five years to comply with certain class, maritime laws and insurance requirements.

Lonsdale Capital bought controlling stake in Mallorca-based GYG last year

Shares in Bank of Ireland have fallen by as much as 10%  to 22.1 cent since the Government’s statement on May 30th that it was proceeding with the AIB flotation

Bank’s loan book more directly exposed to Brexit than that of AIB

Would-be small investors in AIB’s flotation have until the close of business on Tuesday to put in orders with stockbroking firms involved in the transaction.

Government plans to price sale of up to 28.8 per cent stake in AIB this week

AIB chief executive Bernard Byrne: Excused from appearing before Joint Committee on Finance, Public Expenditure and Reform. Photograph: Gareth Chaney

Permanent TSB has ‘fully redressed’ 92% of 1,372 customers identified

AIB said it would typically provide debt financing for up to 65 per cent of the total cost of an apartment development, including the site value. Photograph: Cyril Byrne

Bank is in talks with developers of projects in Cherrywood, Dundrum and docklands

The firm is best known in Ireland for buying €100 million of loans from Lloyds Banking Group in 2014.

Investment firm’s Irish unit headed by former ESB finance director Emer Finnan

Bank of Ireland UK paid its first equity dividend, amounting to £220 million (€251.5 million), to its Irish parent in September 2016.

Bank of Ireland UK transfered first dividend to parent group last year

John Rusnak: pleaded guilty in 2002 to defrauding AIB’s former US unit where he had worked, Allfirst Financial. He was sentenced to seven and a half years in prison. Photograph: Baltimore Sun

AIB reached settlement with US bank in January 2016 on undisclosed terms

While mortgages in default, particularly early cases in arrears, have come down steadily in recent years, long-term arrears remain stubbornly high.  Photograph: Getty Images

Bad loans endgame looms as new sheriff in town lays down law to Irish banks

The Central Bank received €25 billion of Government bonds in February 2013 under a complex restructuring of promissory notes which had been used by the State during the financial crisis to rescue Anglo Irish, which was subsequently renamed Irish Bank Resolution Corporation (IBRC).

Bonds stem from refinancing of promissory notes used to rescue Anglo Irish during crisis

Outgoing chief executive Tommy Breen’s pay packet boosted by a bigger bonus

Finance chief to receive €575,000 of stock as he helps with transition at the top

Competition and Consumer Protection Commission chairwoman  Isolde Goggin said uncertainty in the legal process makes it difficult for banks to “price risk”. Photograph: Eric Luke

Competition commission publishes report into ‘dysfunctional’ Irish mortgage market

Assure Hedge is a provider of foreign exchange technology to protect businesses from currency fluctuations

Regulators globally are seeking greater oversight of ‘disruptive’ financial technology

Pictured is Conor O’Kelly, chief executive, NTMA

ECB policy means investors continue to pay states to hold their money for short term

Haitians line up in 2006, at the newly opened Digicel office in Port-au-Prince to get new cellular phones and service. Photograph: Thony Belizaire/AFP/Getty Images

Bonds in company surge amid first signs of an earnings turnaround in fourth quarter

The Government is looking to raise as much as €3.8 billion from the IPO, and the Financial Services Union will be seeking a return to profit-sharing  from the bank’s CEO Bernard Byrne. Photograph: Aidan Crawley/Bloomberg

Bank staff should share in profits after IPO, says FSU general secretary Larry Broderick

The Central Bank continues to view the Brexit as posing a “negative and material” risk to Ireland over the long term. Photograph: Matt Kavanagh

Number of mortgages in negative equity remains at about 100,000 despite price rises

AIB: certain “senior executives” below the board may seek to participate in the stock sale, which the Government expects to price at between €3.90 and €4.90 per share.

Investment banks secure demand to cover maximum 28.8% AIB stake State is selling

Ireland’s ratio of non-performing loans remains well above the EU average of about 5 per cent.

Special purpose vehicles or turning to bond markets among options for trickier mortgages

Kennedy Wilson plans a substantial overhaul of the Stillorgan Shopping Centre in Dublin.

Shareholders on both sides of original deal had been concerned about all-stock terms

At one stage, AIB was notionally Europe’s fifth-largest bank by market value. Photograph: PA Wire

Shares in bank plunge as speculative investors digest price range for 28.8% being offered

The prospectus  disclosed that bankers, lawyers and other parties involved in the AIB IPO are set to receive €41 million in fees. Photographer: Crispin Rodwell/Bloomberg

Prospectus says State could raise up to €3.8 billion from sale of up to a 28.8 per cent stake

The AIB share sale will be Europe’s biggest IPO so far this year. Photograph: Reuters

Advisers to received €41m in fees with as much as 25% of AIB to be sold in IPO

The NTMA’s target for debt sales ths year is between €9 and €13bn. Photograph: iStock

Last week, the agency sold €1bn of long-term bonds, bringing total for year to €9.35bn

Moody’s, one of the world’s leading credit ratings agencies, said that the UK’s inconclusive election outcome last week increases the likelihood of a “softer” form of Brexit. Photograph: Scott Eells/Bloomberg

UK may seek inclusion in EU Single Market or customs union as result of vote

Leo Casey will develop Business Growth Fund’s Irish business: “Irish SMEs need access to more patient sources of funding to support growth.”

BGF aims to invest long-term in family-owned and entrepreneur-led Irish businesses

The sale of a 25 per cent stake in AIB to stock market investors is expected to raise about €3 billion for the Government. Photograph: Cyril Byrne

Department warns would-be investors to seek independent advice before applying

The IFSC in Dublin. Centres such as Luxembourg, Brussels and Frankfurt appear to be among the early leaders in a race to sign up London-based firms seeking new EU bases. Photograph: Bryan O’Brien

Rival countries highlighting negatives about Ireland, says official

The NTMA sold €700 million of bonds that are due to mature in 2026 and a further €300 million of 2045 securities, market sources said.

NTMA sells €1bn of bonds as markets eye UK election, ECB and Ex-FBI chief testimony

Moody’s notes that AIB’s percentage of soured loans has fallen to 14% from 18.6% last year. Photograph: Scott Eells/Bloomberg

Ratings firm says while banks’ bad loans have fallen significantly, they remain high

State Street bank in Dublin. The Boston-based group agreed earlier this year to pay more than $64 million to end inquiries into alleged overcharging.

Guilty plea in Boston court to overcharging of six customers including NPRF

The Noonan Services sale may be worth between €170 million and €190 million

US private equity firm HIG among bidders in deal worth up to €190m

Richard Segal, Chairman, and Feargal Mooney, CEO of Hostelworld. The company said last week that “improved trading momentum which commenced in the latter part of 2016 has continued”. Photograph: Dave Meehan

UK fund manager Neil Woodford increases investment in Dublin-listed company to 25.4%

AIB chief executive Bernard Byrne, who is set to undertake a roadshow of institutional investors in advance of the bank’s share sale. Photograph: Nick Bradshaw

Feedback from possible investors positive on AIB and Irish economy

National Treasury Management Agency chief executive Conor O’Kelly. Photograph: Nick Bradshaw.

State agency plans to sell €1 billion of bonds through two auctions on Thursday

Peter Mullen: replaces David Walsh in the role

Peter Mullen to head unit that funds management buyouts and other leveraged deals

Cover of €250,000 for  losses resulting from an investment firm collapsing due to fraud, negligence and forms of cybercrime.

FundInsure covers investors in event of company collapse due to forms of cybercrime

Unpublished reports suggest AIB could be worth €11 billion-€14 billion. Photograph: Peter Muhly/AFP/Getty Images

The setting up of a holding company will now not happen until later this year

John Boyle founder and CEO of Boylesports. Photograph: Cyril Byrne

John Boyle prepares to step down as CEO, and company signs €1m deal with Nostra

Brian Hayes, MEP. Photograph: Dara Mac Dónaill

Dublin’s financial services industry to benefit from new framework in post-Brexit scenario

 Nama chief executive Brendan McDonagh, Minister for Finance; Michael Noonan, TD and Nama Chairman Frank Daly at the publishing of the  Nama annual report on Thursday. The report did not name the new statutory auditor. Photograph:  Maxwells

C&AG had claimed Nama was not-for-profit organisation in seeking to retain sole role

The most senior bonds – which account for 84 per cent – of the amount offered were given a top-notch triple-A rating by Moody’s and Standard & Poor’s

Consumer finance firm’s sale of bonds opens up new avenue of funding for the industry

Abbey completed 586 home sales during the year. Photograph: iStock

Operating profits to be ‘in the region of’ last year’s result

Bank of Ireland Mortgage Bank had an €18.5 billion loan book at the end of last year

Number of top bank personnel with BofI mortgages rose to 17 at end 2016

Draper Esprit’s Irish businesses is led by serial entrepreneur Brian Caulfield, a former partner with Trinity Venture Capital. Photograph: David Sleator

Venture capital firm floated on Dublin and London markets 12 months ago

Paul Coulson of Ardagh  rings the opening bell at the New York Stock Exchange in March. In April the group announced 38 per cent increase in earnings in the first quarter of the year

Bond proceeds will be used to redeem notes due in 2021

AIB: heading back to the private sector. Photograph: Cyril Byrne

AIB has returned €6.8 billion to date to the State

  AIB chief executive Bernard Byrne: “The first piece is getting the 25 per cent away. Everything becomes significantly easier after that.”  Photograph:  Nick Bradshaw

Chief executive Bernard Byrne says decision will be for minister of the day

 Bernard Byrne: “Today we think we are presenting a changed bank.”  Photograph Nick Bradshaw

Move may result in repossessions for those refusing to engage with bank

Share prices can go up and down and anyone considering buying AIB shares in the offering should first take some advice from a investment professional. But here are a few things that are worth considering.

There are a number of factors at play, from bad loans to mortgage rates

October 2008: AIB chief executive Eugene Sheehy rules out bailout. Photograph: Cyril Byrne

AIB went from a €270m dividend payout in 2008 to near death to remarkable revival

Bernard Byrne, chief executive of AIB: “We don’t think that the outcome of an election is something we focus on. We don’t see that as a key event for us.” Photograph: Chris Bellew/Fennell

Bank ‘within touching distance’ of being able to repay €20.8b bailout, chief executive says

AIB chief financial officer Mark Bourke and AIB chief executive Bernard Byrne on Tuesday: they will conduct an investor roadshow to generate interest in the stock.  Photograph:  Chris Bellew/Fennell Photography

Sale of 25% stake in Irish bank will be Europe’s biggest listing so far this year

Bank of America Merrill Lynch, Davy and Deutsche Bank are the lead bankers working on the AIB deal for the Government, helped by Citigroup, Goldman Sachs, Goodbody Stockbrokers, JP Morgan and UBS. Investec Bank is also involved.

Transaction expected to raise up to €3bn

David Ehrlich, chief executive of Ires Reit: “We are the opposite of a vulture fund,”  Photograph: Maxwell Photography

Top apartment owner in State plots Dublin duplexes but warns that landowners are ‘sitting on sites’

Baked goods company Aryzta warned that it is experiencing ongoing pressure to its profit margins. (Photograph: iStock)

Group unable to provide outlook as business review continues

Bank of Ireland has been fined €3.15m by the Central Bank for breaches to laws aimed at countering money laundering and terrorist financing.

Central Bank says firm failed to report suspicious transactions promptly

Applegreen  had 155 sites in Ireland, 77 in the UK and 11 in the US at the end of last year. Photograph: Cyril Byrne

Petrol retailer expects to unveil new chief financial officer by end of June

ECB president Mario Draghi said the timing of an AIB share sale was entirely up to the Government. Photograph: Daniel Roland/AFP/Getty Images

Minister for Finance expected to give green light for IPO as soon as Wednesday

“The key objective of Network 2020 is to reposition our branches as platforms for outreach into communities and regions rather than destinations to which customers travel to engage with the bank.” Photograph: Alan Betson

Bank commits to retaining 77-strong branch network as it announces 174 new jobs on way

 New York Stock Exchange (NYSE)  on Friday, May 19th, 2017.  Photographer: Michael Nagle/Bloomberg

US equities advance at the end of turbulent week as dollar falls

FBD recorded a €11.4 million pretax profit last year. Photograph: Eric Luke

Insurer publishes first solvency and financial condition report under new EU rules

Kevin Toland previously led Glanbia’s US and global nutritionals unit.

Shares in Swiss-Irish baked goods have fallen this year following profit warning

Timbercreek plans to lend up to €200m in next two years

A successful sale of a stake in AIB would book-end Michael Noonan’s time as Minister for Finance. The bank has paid back about €3.3 billion of the €20.8 billion injected to save it from collapse during the financial crisis. Photograph: Alan Betson

Michael Noonan poised to place stake in AIB on stock exchange and raise €2.5m-plus

Minister for Finance Michael Noonan: sale of 25% stake on the stock market could raise €2.5-€3bn, say analysts. Photograph: Eric Luke

Floating of bailed-out State-owned bank may be Minister’s last key decision in official role

Dermot Desmond: he was  opposed to  a One51 flotation last year. Photograph: Cyril Byrne

Stake sale may pave the way for flotation of One51

Francesca McDonagh: her paternal grandfather comes from Carraroe in Galway and her paternal grandmother is from Dublin. She studied politics, philosophy and economics at Oxford University.  Photograph: Screengrab from an interview with Marketforce Business Media in 2016

New BoI chief executive brings a wealth of global banking experience to the role

The Dáil has voted to suspend the sale of shares in AIB after an apparent gaffe by the Government. Photograph: Cyril Byrne/The Irish Times.

Government fails to oppose Labour motion amid claims FG TDs distracted by Kenny exit

The AIB flotation has long been flagged. Photograph: Bryan O’Brien

IPO decision ‘remains valid’ even after new finance minister appointed

C&C has blamed a decline in revenue on temporary “disruption” to its US business as it beds down a sales link-up with Pabst Brewing Company

Bulmers/Magners cidermaker interested in providing more loans to more Irish pubs

RTÉ 8.6 acre site for development.  Photograph: Cyril Byrne

Michael Stanley confirms Cairn interested in RTÉ’s €75m site in Donnybrook

RTÉ site is located on the Stillorgan Road, close to Donnybrook. There could be complications for a buyer as the land is being sold without planning permission. Photograph: Alan Betson

Second set of bids for 8.64 acre RTÉ site have June 8th deadline with up to €90m expected

Cairn Homes would only be interested in developing apartments on the 8.64 acre RTÉ site, which estate agent Savills is selling at a guide price of €75 million.

Homebuilder also plans to sell €50 million of non-core residential sites by end of 2018

Kingspan CEO Gene Murtagh. Photograph: Cyril Byrne

Shares fall as the market worries about rising costs of key ingredient for insulation

Michael Noonan. Scrapping the duty on trades on the Enterprise Securities Market, will cost the State  €5 million.

Move was held up as the European Commission reviewed it for competition reasons

The company had 790,000 household and business customer accounts in the Republic and Northern Ireland at the end of March

Utility group writes down value of power stations in Offaly and Mayo

Eamonn Rothwell, managing director, at the Irish Continental Group: Total revenues for the ferries division for the first four months rose by 3.9 per cent to €53.6 million. Photograph: Eric Luke

Over 90% of shareholders approve remuneration levels of the ferries operator

Cider and beer maker C&C: Operating profit declined to €95 million from €103.2 million for the previous financial year. Photograph: Bryan O’Brien

Cider and beer maker reports €72.9m net loss for year to February

Aminex’s share surge in recent months has been driven by increased optimism around the prospects of its Ntorya gas project in Tanzania.

Argos Capital Management converts warrants after oil and gas explorer share rally

A spokesman for Bank of Ireland said that an appointment process to find a replacement for Mr Walsh is ‘under way but it wouldn’t be appropriate to comment further’. Photographer: Frantzesco Kangaris/Bloomberg

Bank’s acquisition finance unit a key part of its geographical diversification strategy

Businessman Eddie O’Connor: his  company Mainstream Renewable Power has vowed to “move quickly” to develop a €2.33 billion wind farm off the Scottish coast.

Scottish bird protection charity had objected to four wind farm projects

Outgoing DCC chief executive Tommy Breen said the group would have “another year of profit growth and development”.

Group sees opportunity to grow IT security business following global cyberattack

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