Permanent TSB chief Jeremy Masding: “Our NPLs ratio is really, really dangerous”.

Permanent TSB’s high level of soured loans is “dangerous for Ireland”, the bank’s chief executive, Jeremy Masding, said on Thursday, as he sought to d(...)

Three companies in race to develop urban centre at Guinness Brewery 3:03

Property players Hines, Ballymore and U&I will shortly enter the final lap of the race to develop part of the Guinness Brewery as a new urban cent(...)

PTSB is working on putting up to €600 million of additional restructured mortgage loans into a securitisation deal, sources said. Photograph: Alan Betson

Permanent TSB is preparing to increase the size of a planned transaction to shift non-performing loans (NPLs) off its balance sheet in a bond refinanc(...)

Two  home-builders have floated on the Irish Stock Exchange since the middle of 2015, Cairn Homes and Glenveagh Properties

Former senior AIB finance executive Myles O’Grady has been hired to beef up the management team of a house-builder being lined up for a €300 million-p(...)

The latest figures point to labour costs in the construction industry growing at an annual 5.4 per cent rate in the second quarter. Photograph: Chris Ratcliffe/Bloomberg

It’s a decade to the week since boom-time developers Bernard McNamara and Ray Grehan took desperate measures as the property market was in freefall. (...)

Homeowners whose mortgages have been sold onto vulture funds may now be able to buy their way out of the deals.

A new sale and leaseback initiative has been launched, targeting homeowners with distressed mortgages who want to pay off their mortgage debt but stay(...)

Davy will work alongside US investment bank JP Morgan on a Dublin and London stock market flotation of the business, sources say,  which will be led by Patrick Durkan of Durkan Residential. Photograph: Dara Mac Dónaill

US private equity giant Lone Star has hired stockbroking firm Davy to help with plans for an initial public offering (IPO) of a new Irish housebuilder(...)

ACC Bank headquarters in Dublin. Photograph: Niall Carson/PA

Dutch financial group Rabobank is advancing plans to sell off the remaining €3.2 billion loans at its former ACC Bank unit in Ireland at a deep discou(...)

Banks were nearly five times more likely to repossess houses in long-term arrears than so-called vulture funds in the first quarter of 2018. Accordin(...)

Bank of Ireland chief executive Francesca McDonagh

AIB and Bank of Ireland have emerged from the wreckage of the Republic’s financial system a decade ago with a near-dominant position in the market. Wi(...)

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