Economics – Ireland exits EU/IMF bailout

16 Dec 13
On Sunday evening, the IMF/EU Commission/ECB bailout formally expired, making Ireland the first Eurozone country to exit a stringent bailout programme. <p> During the three years, there were four and a ...

Economics – Irish employers’ group IBEC forecasting GDP growth of 2.8% next year

16 Dec 13
Business group IBEC has said the Irish economy will grow by close to 3% next year, driven by a rebound in the domestic economy and a pickup in exports. It has ...

FBD – RSA adds further to Ireland reserves, FBD well placed

13 Dec 13
RSA Group announced that it will strengthen Irish reserves by a further £130m in addition to the £70m previously announced on 8 November relating to claims and finance issues in Ireland. ...

Irish Banks – PDH mortgage arrears decline further in October:

13 Dec 13
The Irish Department of Finance (DoF) released its latest consolidated unaudited mortgage market flash report yesterday (12 December) indicating that +90 day arrears in Principal Dwelling Houses (PDH) declined by 302 ...

Irish Banks – Fitch expects Irish banks to return to profitability next year

13 Dec 13
Fitch published its 2014 outlook for the Irish banks yesterday. The rating agency has a stable outlook on the sector and takes comfort from BoI’s anticipated return to profitability next year, ...

Irish Banks – ECB not likely to unilaterally impose risk weighting on sovereign bonds, but haircuts possible in stress tests

13 Dec 13
ECB not likely to unilaterally impose risk weighting on sovereign bonds, but haircuts possible in stress tests: The ECB President (Mario Draghi) poured cold water yesterday on the prospect of European ...

Economics: – Ireland’s headline annual inflation rate pushes back up slightly to 0.3% in November

13 Dec 13
Consumer prices were 0.2% lower in the month in November, pushing Ireland’s headline annual inflation back up slightly to 0.3% from just 0.1% in October, which was the lowest rate since ...

Merrion Economics – Irish banks’ reliance on ECB funding to drop further

13 Dec 13
Irish banks’ reliance on emergency funding from the ECB fell by 4.2% in October from a month earlier. Outstanding loans slipped to €40.8bn from €42.6bn in September and €43.3bn in August. ...

Economics – October data forecast to show modest pick~up in seasonally~adjusted trade surplus

13 Dec 13
The Central Statistics Office will this morning release official merchandise trade data for October. Ireland recorded a seasonally-adjusted merchandise trade surplus of €3,193m in September, €90m lower than August’s revised surplus ...

Economics: – Ireland picks Centrica consortium for major gas utility sale

13 Dec 13
Ireland has picked a consortium led by Britain’s Centrica for a €1.12bn acquisition of the retail unit of the gas utility Bord Gais, a major milestone as it prepares to complete ...