Canada Life

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Irish banks are on track to grow their revenue streams after widening their product offering, according to Standard & Poor’s.  Photograph: iStock

Standard & Poor’s has raised its outlook for the credit ratings of Bank of Ireland and AIB as the lenders are poised to benefit from ongoing conso(...)

AIB CEO Colin Hunt: ‘We’re doing everything in our power to create a strong, sustainable bank.’ Photograph: Nick Bradshaw

Colin Hunt knew 15 years ago as he toiled on a doctoral thesis on infrastructure economics that he had someone special in his corner as then Trinity C(...)

AIB chief executive Colin Hunt. He said last year was one of ‘significant progress’ for the company. Photograph: Nick Bradshaw

AIB said on Thursday it is in talks to buy back some of the State’s shares in the bank as part of a plan to hand over €213 million to shareholders tho(...)

Irish Life has paid €849 million of dividends to its Canadian parent between 2013 and 2020. Photograph: Alan Betson

Irish Life, the State’s largest life assurance and pensions group, saw its underlying profits rise 36 per cent last year to 288 million Canadian dolla(...)

PTSB, in which Irish taxpayers hold a 75% stake, is alone among the State’s three surviving bailed-out banks in not having returned to paying dividends since the 2008 crash

Permanent TSB’s (PTSB) planned “transformational” purchase of much of Ulster Bank’s loan book will prepare the path for the group to return to paying (...)

The Irish Times reported in July that AIB was in talks regarding Ulster Bank’s trackers. However, neither bank has commented publicly on the matter. File photograph: The Irish Times

AIB bosses were making all the right noises for financial supervisors in Dublin and Frankfurt as they issued a trading statement this week, saying now(...)

 Minister for Finance Paschal Donohoe: A Korn Ferry report into banking remuneration he commissioned in 2018  has been gathering dust. Photograph: Julien Behal

After months of pushing back against the idea of taking part in a forum on the future of Irish banking in the wake of announcements by Ulster Bank and(...)

CEO of Bank of Ireland, Francesca McDonagh. The BPFI report says a ‘normalisation of pay and employment conditions . . . to allow the banks compete for people on a level playing field with other corporates is needed’. Photograph: Laura Hutton/The Irish Times

Irish banks are at a disadvantage to European peers amid an ongoing bonus ban, cumbersome repossession regime and high capital demands, according to a(...)

AIB chief executive Colin Hunt: looking forward to the remainder of 2021 and beyond with confidence. Photograph Nick Bradshaw

AIB has raised its medium-term profitability goal, fuelled by deals this year to buy stockbroker Goodbody, part of Ulster Bank’s loan book and to ente(...)

The government bought Irish Life in 2011 from Permanent TSB (PTSB), then known as Irish Life & Permanent, for €1.3 billion in order to limit the taxpayer bailout bill for PTSB. Photograph: Alan Betson/The Irish Times

Irish Life Group paid an €85 million dividend to its overseas parent last year, driven by gains from an asset sale, bringing total payments since it w(...)

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