Bank of Ireland has made a profit for the first time in five years.


Brendan Keating: Improvement in the port's fortunes are mirroring a slow but steady turnaround in the economy.

Port of Cork profits surge 30% to €1.74m

The Port of Cork increased its profits by almost 30% last year, according to new figures released yesterday. This story is enriched with multi-media content

Ulster Bank chief executive Jim Brown

Ulster Bank’s first profit in 6 years

A huge reduction in the cost of mortgages in arrears helped Ulster Bank to its first profit in six years, it was announced yesterday.

Group chief executive Richie Boucher and group chief financial officer Andrew Keating at the Bank of Ireland interim results to the end of June 2014. Picture: Gareth Chaney Collins

€700m swing in fortunes as BoI reports pre-tax profit

Bank of Ireland saw more than a €700m positive swing in fortunes in the first half of the year, generating an underlying pre-tax profit of €327m.


‘Skeff’ owners pull in €1.5m despite €4m tax settlement

The three owners of the Skeffington Arms Hotel in Galway last year had a dividend of €1.5 million as the Revenue reached a €4m tax settlement with the business, new figures show.

Argentina's economy minister Axel Kicillof. Argentina is the first nation to trigger default swaps since Greece restructured its debt in 2012. Picture: AP

Argentina’s failure to pay bond interest to trigger default insurance settlement

Argentina’s failure to pay interest on its bonds is a credit event that will trigger settlement of $1bn of default insurance, according to the International Swaps & Derivatives Association.


90% of BOI customers with restructured loans are meeting their commitments

Up to 90% of Bank of Ireland’s 20,000 mortgage customers whose loans are currently in restructuring mode, are meeting their commitments, the company revealed yesterday.


Challenging conditions hit Mars Food sales and profits

Extremely challenging trading conditions at the Irish arm of food giant Mars last year contributed to a slump in sales and profits.