IRELAND’S National Pensions Reserve Fund Discretionary Portfolio has enjoyed two successive strong quarters, rallying strongly after a sluggish start to 2009.

ALLIED Irish Bank has scaled down plans to close off lending through intermediary brokers that channelled hundreds of millions of euro to small businesses throughout Ireland.

The National Pensions Reserve Fund (NPRF) today reported a return of 5.4% for the first three months of the year to March 31, equivalent to a return of €830m.

THE National Pension Reserve Fund (NPRF) is to put out a tender for managers of its €6 billion passive equity portfolio.