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ACC Bank
ACC Loan Management Limited, formerly ACCBank plc, was originally a commercial bank in Ireland that focused on agriculture and SME lending, and later became a company that focussed on managing the lending facilities of its existing clients. The bank had its origins in the Agricultural Credit Corporation (''Corparáid an Chairde Talmhaíochta'') set up in 1927 in the Irish Free State to finance agriculture; the bank was successful and led to the creation of the Industrial Credit Company, which was modelled on it and provided finance to industry. In the early 1990s, the company name was changed from "Agricultural Credit Corporation plc" to "ACCBank plc" in order to signify that the company was then targeting more than simply agricultural customers. In early 2002, the bank was sold by the Irish Government to Rabobank, it was one of the three entities of the Rabobank (Ireland). Company history 1927 The Agricultural Credit Corporation was founded in September 1927 and was one of the ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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Wealth Management
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. It is a discipline which incorporates structuring and planning wealth to assist in growing, preserving, and protecting wealth, whilst passing it onto the family in a tax-efficient manner and in accordance with their wishes. Wealth management brings together tax planning, wealth protection, estate planning, succession planning, and family governance. Private wealth management Private wealth management is delivered to high-net-worth investors. Generally, this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock. Traditionally, the wealthiest retail clients of investment f ...
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Financial Services In The Republic Of Ireland
Financial services in the Republic of Ireland refers to the services provided by the finance industry: banks, investment banks, insurance companies, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages. The market for the provision of financial services within the Republic of Ireland is dominated by the two large banking groups Allied Irish Banks and Bank of Ireland. However competition from domestic, overseas and internet providers ensures consumer choice. Regulation The regulator of financial services in the Republic of Ireland is Central Bank of Ireland. Financial derivatives in the Republic of Ireland Ireland has a well developed market for financial derivatives, with its annual value being measured in $ billions. Most common are interest rate swaps and foreign exchange transactions used by businesses to manage their risk and support their currency requirements. Ireland's strong funds and insurance sectors are also ...
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Defunct Banks Of Ireland
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Agricultural Mortgage Corporation
The Agricultural Mortgage Corporation Plc (AMC) was formed in 1928 under the Agricultural Credits Act, to provide long term mortgages for land and redeveloping farming and rural-based businesses. Initially jointly owned by the Bank of England and the main clearing banks, it was purchased outright by Lloyds Bank in 1993 and is currently a wholly owned subsidiary of Lloyds Banking Group. History Following the first world war, there was a crisis in farming, with too few people owning land. The Government identified a need for long term finance in the agricultural industry to satisfy an investment demand. AMC was created to revitalise land ownership to get a new generation of farmers onto their own land and farming to feed the nation. Prior to 1991, AMC's activities were constrained by statute. In 1993, Lloyds Bank acquired the balance of the share capital from the Bank of England, Barclays Bank, Midland Bank, National Westminster Bank and the Royal Bank of Scotland. As a condition ...
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List Of Irish Companies
This is a list of notable companies based in Ireland, or subsidiaries according to their sector. It includes companies from the entire island. The state of the Republic of Ireland covers five-sixths of the island, with Northern Ireland, part of the United Kingdom, covering the remainder in the north-east. Each has separate regulatory and registration authorities. About companies in Ireland Irish companies fall into three categories: * Private limited companies, which carry the suffix "Limited" (Ltd) or "Teoranta" (Teo), and whose shares are privately held. * Public limited companies, which carry the suffix "plc" or "" and whose shares may be listed on a stock exchange. Where this is the case, it is noted in this article. * Company limited by guarantee, this type of company has members, not shareholders, as such generally limited to trade associations and not-for-profit bodies. Companies in the Republic of Ireland must be registered with the Companies Registration Office, and com ...
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International Financial Services Centre
The International Financial Services Centre (IFSC) is an area of central Dublin and part of the CBD established in the 1980s as an urban regeneration area and special economic zone (SEZ) on the derelict state-owned former port authority lands of the reclaimed North Wall and George's Dock areas of the Dublin Docklands. The term has become a metonym for the Irish financial services industry as well as being used as an address and still being classified as an SEZ. It officially began in 1987 as an SEZ on an docklands site in central Dublin, with EU approval to apply a 10% corporate tax rate for "designated financial services activities". Before the expiry of this EU approval in 2005, the Irish Government legislated to effectively have a national flat rate by reducing the overall Irish corporate tax rate from 32% to 12.5% which was finally introduced in 2003. An additional primary goal of the IFSC was to assist the urban renewal and development programme of the North Wall ar ...
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RTÉ News
RTÉ News and Current Affairs ( ga, Nuacht agus Cúrsaí Reatha RTÉ), also known as RTÉ News (''Nuacht RTÉ''), is the national news service provided by Irish public broadcaster Raidió Teilifís Éireann. Its services include local, national, European and international news, investigative journalism and current affairs programming for RTÉ television, radio, online, podcasts, on-demand and for independent Irish language public broadcaster TG4. It is the largest and most popular news source in Ireland – with 77% of the Irish public regarding it as their main source of both Irish and international news. It broadcasts in English, Irish and Irish Sign Language. The organisation is also a source of commentary on current affairs. The division is based at the RTÉ Television Centre in Donnybrook, Dublin; however, the station also operates regional bureaux across Ireland and the world. History Early history On 1 January, 1926, 2RN, Ireland's first radio station, began broadcasti ...
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Commercial Mortgage
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property. Commercial mortgages are structured to meet the needs of the borrower and the lender. Key terms include the loan amount (sometimes referred to as "loan proceeds"), interest rate, term (sometimes referred to as the "maturity"), amortization schedule, and prepayment flexibility. Commercial mortgages are generally subject to extensive underwriting and due diligence prior to closing. The lender's underwriting process may include a financial review of the property and the property owner (or "sponsor"), as well as commissioning and review of various third-party reports, such as an appraisal. There were $3.1 trillion of commercial and multifamily mortgages outstanding in the U.S. as of June 30, 2013. Of these ...
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Agriculture
Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities. The history of agriculture began thousands of years ago. After gathering wild grains beginning at least 105,000 years ago, nascent farmers began to plant them around 11,500 years ago. Sheep, goats, pigs and cattle were domesticated over 10,000 years ago. Plants were independently cultivated in at least 11 regions of the world. Industrial agriculture based on large-scale monoculture in the twentieth century came to dominate agricultural output, though about 2 billion people still depended on subsistence agriculture. The major agricultural products can be broadly grouped into foods, fibers, fuels, and raw materials (such as rubber). Food classes include cereals (grains), vegetables, fruits, cooking oils, meat, milk, ...
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Irish Independent
The ''Irish Independent'' is an Irish daily newspaper and online publication which is owned by Independent News & Media (INM), a subsidiary of Mediahuis. The newspaper version often includes glossy magazines. Traditionally a broadsheet newspaper, it introduced an additional compact size in 2004. Further, in December 2012 (following billionaire Denis O'Brien's takeover) it was announced that the newspaper would become compact only. History Murphy and family (1905–1973) The ''Irish Independent'' was formed in 1905 as the direct successor to ''The Irish Daily Independent and Daily Nation'', an 1890s' pro-Parnellite newspaper. It was launched by William Martin Murphy, a controversial Irish nationalist businessman, staunch anti-Parnellite and fellow townsman of Parnell's most venomous opponent, Timothy Michael Healy from Bantry. The first issue of the ''Irish Independent'', published 2 January 1905, was marked as "Vol. 14. No. 1". During the 1913 Lockout of workers, in ...
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Rabobank (Ireland)
Rabobank (Ireland) consisted of three banking entities in Ireland which were part of the Dutch owned Rabobank Group. The three Irish based businesses were ''Rabobank (Ireland) plc'', ''ACC Loan Management'' and ''RaboDirect Ireland''. Rabobanks first came to Ireland in 1994 when it established the commercial bank RaboBank (Ireland) plc in the IFSC in Dublin. In 2002 Rabobank bought the Agricultural Credit Corporation (ACC Bank) from the Irish government for €165 million. In 2005 Rabo launched its online savings bank RaboDirect which provides online savings account An online savings account (OSA) is a savings account managed and funded primarily on the Internet. Features OSAs are often characterized by a higher interest rate or lower fees, compared with traditional savings accounts. Many of these high-yie ...s and savings products such as PRSA's. RaboDirect ceased operations on 16 May 2018 and no longer operates banking services. The loan portfolios owned by ACC Loan Mana ...
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