Business News

Lender KBC says it is embracing innovative technology and partnering with skilled fintechs in order to compete in the financial services landscape. Head of Current Accounts Petrina Grady demonstrated their “game-changing” digital account opening experience on the TechX stage of the Dublin Tech Summit. In the ‘Building digital services that transform customer experience’ presentation, with […]

Domestic firms spent 36pc of the €4.6bn invested into innovation here in 2016, with multinationals responsible for the balance. Out of the €1.7bn spent by Irish businesses, just under half the spending, or €793m, went to in-house research and development (R&D), to according to data from the Central Statistics Office (CSO). The tax system is […]

A new register of businesses is set to include details of owners’ Personal Public Service Numbers (PPSN). The Irish Independent has learned that officials want the new Register of Beneficial Ownership – which will detail precise ownership of corporate entities in Ireland – to require firms to supply shareholders’ Personal Public Service Numbers (PPSN) in […]

For the last decade, a lot of Irish SMEs have struggled to access the funds they need to succeed. As the financial crisis took hold, sources of credit dried up. Many Irish businesses found it next to impossible to access affordable finance. This had a devastating effect on companies across the country. Even now, as […]

For the last decade, a lot of Irish SMEs have struggled to access the funds they need to succeed. As the financial crisis took hold, sources of credit dried up. Many Irish businesses found it next to impossible to access affordable finance. This had a devastating effect on companies across the country. Even now, as […]

In the first half of 2016, just 3,600 of us, or 0.06pc, switched our current account to another bank. This is a far cry from the first half of 2014, when over 26,000 customers switched, although this was mainly due to the exit of Danske Bank and ACC Bank from the current account market. “The […]

A motorist was shocked when his annual motor insurance renewal quote rocketed to an incredible €19,000. Meath publican Brian Kelly (48) rang Liberty Insurance to point out what he thought was an administrative error. However, the company told him the policy price of €19,368.26 for his 2007 1.6-litre Toyota Avensis was correct. The increase was […]

The National Treasury Management Agency has raised €4bn from bond investors this afternoon after encountering heavy demand for its latest syndicated bond issuance. It is understood the notes will deliver a yield of over 1.3pc, although the deal has yet to be priced. A spokesperson for the NTMA declined to comment on the yield but […]

Permanent TSB has reduced its rates on a number of its fixed rate mortgage products for new business. The changes, will apply to three-year and five-year fixed home loans, will come into effect on Monday, April 9. Eight products in total will see the rate reductions, which range from 0.10pc up to 0.15pc. Experts are […]

HOUSEHOLD spending is set to top €100bn this year for the first time as a resurgent economy fattens workers’ wallets, business group Ibec has predicted. And we’re splashing out more on restaurants and entertainment as wages rise and more people join the workforce. Ibec, headed by chief executive Danny McCoy, has predicted household spending will […]