Taxpayers will not lose money on the bailout of AIB – bank chief
The cash can be repaid, he said, with significant amounts potentially coming back to taxpayers in the next few years,
“(It is) definitely a realist prospect, I think we can make substantial re payments in the years to come,” David Hodgkinson said. advertisement
It’s the most optimistic any senior official has been about the prospects for making a recovery on the €20.8bn rescue of the bank.
The State is already …
Rate of entrepreneur activity highest since economic crisis – report
The annual GEM report also showed that 85pc of businesses surveyed expected to create jobs.
In addition, those who indicated that they are planning to start a small business in the next three years also increased significantly in 2013. advertisement
The report, which measures entrepreneurial activity, and is backed by Enterprise Ireland, Forfas the Department of Enterprise, also showed a narrowing of the gender gap.
There are now 1.4 times …
'Nasty surprise' unlikely in bank stress tests
It comes as a member of the European Central Bank’s governing council claimed the tests may be too tough.
The ECB will probe the financial health of 128 banks across Europe – including five in Ireland – in the autumn. advertisement
Professor John McHale, chair of the Irish Fiscal Advisory Council (IFAC), insisted it was hard to call as he didn’t have any “insider” knowledge.
But he said: “At this …
KBC Bank may sell Irish unit, has €15bn of loans and mortgages outstanding
The bank is keeping its options open for the unit including a sale – it had €15.1bn of loans and mortgages outstanding at the end of the first quarter of the year.
It is considering “whether to organically grow a profitable bank, build a captive bank-insurance group or sell a profitable bank” it said today. advertisement
KBC Bank also said it intends to accelerate its repayments and to make final …
Liberty Mutual snaps up a Northern insurance firm
He was speaking after the Boston-based insurer yesterday sealed a deal to buy Hughes Insurance, a Northern Ireland-wide provider of motor, small business and home insurance.
The deal, which is expected to close in July 2015, will also gradually see Liberty become the lead underwriter of Hughes Insurance in Northern Ireland. advertisement
“Hughes is a top three player in Northern Ireland and this is part of our drive to become …