The Economic and Social Research Institute has said it is likely that growth in output and employment will continue this year and next.In its latest Quarterly Economic Commentary, the ESRI forecasts growth of 1.8% this year and 2.7% next year. … [Read more...]

BANK of Ireland said it has increased lending to small and medium enterprises by a quarter so far this year, and expects to comfortably beat its government-imposed lending targets.Launching its 'National Enterprise Week', the country's largest bank claimed it had … [Read more...]

The level of Irish household debt fell over the final three months of 2012 due, in part, to €400m worth of loans being written down by financial institutions. … [Read more...]

The level of Irish household debt fell over the final three months of 2012 due, in part, to €400m worth of loans being written down by financial institutions. The Central Bank's latest financial accounts, for the final quarter of last year, show household debt fell by €2.9 billion during the … [Read more...]

The European Central Bank has bowed to pressure and delivered a 0.25pc interest rate cut. The move comes following a fall in inflation in the eurozone to a three-year low while record unemployment had increased pressure on the ECB to deliver a cut in interest rates. … [Read more...]

Danske Bank Ireland has reported a loss before tax of €8.8m for the three months to the end of March, as it said its overall performance was in line with expectations. … [Read more...]

The European Central Bank said that bank lending to companies remains weak - another sign that the economy in the 17 countries that use the euro is still stuck in recession. … [Read more...]

Bank staff have threatened industrial action if further pay cuts are imposed. However, the Irish Bank Officials' Association has given assurances that the public would not be hit. It said the action, if approved by its members, would take the form of non-cooperation with proposed re-structuring … [Read more...]

The National Asset Management Agency generated €2.8 billion last year from the disposal of assets, according to its results for 2012.The agency generated a total of €4.5 billion in cash last year, which includes rental income from properties in its portfolio. … [Read more...]

The Government has launched the personal insolvency service this afternoon, which will see new arrangements for overburdened borrowers to reach agreement with their creditors. A website and phone number for debtors will also become operational today. … [Read more...]