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Blackrock raises stake in Bank of Ireland, while Goldman Sachs cuts holding in PTSB

Last week, Bank of Ireland – whose CEO is Myles O’Grady – announced that it had made a €1.1bn pre-tax profit in the first...

Higher current-account fees at PTSB boost first-half profits to €75m

Customer lending stood at €21bn as the bank took a higher share of the mortgage market As it reported that pre-tax profits in the first...

Bank of Ireland books a €1.1bn profit in the first six months of the year

This triggered its first interim dividends since before the banking crisis, as it plans to pay out €352m, or 35c per share. It has...

PTSB could compete ‘more aggressively’ in mortgage market if regulator revised risk level, say Barclays analysts

PTSB could be able to compete “more aggressively” in the Irish mortgage market and free up around €250m of capital on its balance sheet,...

Revolut’s Irish mortgages are a game changer, and the banks know it

This year has seen the re-emergence of non-bank lenders in the Irish market, as financing conditions on global bond markets — where they ultimately...

Michael McGrath tells Dáil that bank windfall taxes could lead to price increases

AIB made €2.39bn profit last year. BoI made €1.94bn. Together, they paid €673m corporation tax In a written reply to a Dáil question posed by...

Irish financial institutions are ‘not prepared’ for new online protection law, says expert

New law will hold banks legally responsible for protecting customers Ireland’s financial institutions could face big fines under new EU cybersecurity legislation which comes...

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