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National Asset Management Agency
The National Asset Management Agency (NAMA; ga, Gníomhaireacht Náisiúnta um Bhainistíocht Sócmhainní) is a body created by the government of Ireland in late 2009 in response to the Irish financial crisis and the deflation of the Irish property bubble. NAMA functions as a ''bad bank'', acquiring property development loans from Irish banks in return for government purple debts bonds, ostensibly with a view to improving the availability of credit in the Irish economy. The original book value of these loans was €77 billion (comprising €68bn for the original loans and €9bn rolled up interest), and the original asset values to which the loans related was €88bn, with there being an average Loan To Value of 77% and the current market value is estimated at €47 billion. NAMA is controversial, with politicians (who were in opposition at the time of its formation) and some economists criticising the approach, including Nobel Prize-winning economist Joseph Stiglitz who has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Service Bodies Of The Republic Of Ireland
The public service ( ga, seirbhís phoiblí) of Ireland refers to the entirety of public administration within the state government apparatus. The Irish Department of Public Expenditure and Reform defines the Irish public service as consisting of: * Civil Service * Defence sector * Education sector * Justice sector * Health sector * Local authorities * Non-Commercial State Agencies or NCSA. Two-thirds of the public service is in the health and education sectors (doctors, nurses, healthcare assistants (HCAs), consultants, teachers, classroom assistants, etc.). Civil service The Civil Service of Ireland is the collective term for the permanent staff of the departments of state and certain state agencies who advise and work for the Government of Ireland. It consists of two broad components, the Civil Service of the Government and the Civil Service of the State. Whilst these two components are largely theoretical they do have some fundamental operational differences. The Civil S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Requirements
A capital requirement (also known as regulatory capital, capital adequacy or capital base) is the amount of capital a bank or other financial institution has to have as required by its financial regulator. This is usually expressed as a capital adequacy ratio of equity as a percentage of risk-weighted assets. These requirements are put into place to ensure that these institutions do not take on excess leverage and risk becoming insolvent. Capital requirements govern the ratio of equity to debt, recorded on the liabilities and equity side of a firm's balance sheet. They should not be confused with reserve requirements, which govern the assets side of a bank's balance sheet—in particular, the proportion of its assets it must hold in cash or highly-liquid assets. Capital is a source of funds not a use of funds. Regulations A key part of bank regulation is to make sure that firms operating in the industry are prudently managed. The aim is to protect the firms themselves, their custo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property Developer
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typically, developers purchase a t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister For Finance (Ireland)
The Minister for Finance ( ga, An tAire Airgeadais) is a senior minister in the Government of Ireland. The Minister for Finance leads the Department of Finance and is responsible for all financial and monetary matters of the state; and is considered the second most important member of the Government of Ireland, after the Taoiseach. The current office holder is Michael McGrath, TD. Overview The Minister for Finance holds the second most important ministerial position in the Irish Cabinet after that of the Taoiseach. He or she is in charge of the Department of Finance responsible for all financial matters in the Republic of Ireland. It is one of three positions in the government which the Constitution requires to be held by a member of Dáil Éireann, the other two being Taoiseach and Tánaiste. Many Ministers who have held the Finance portfolio have gone on to become Taoiseach, including Jack Lynch, Charles Haughey, Albert Reynolds, John Bruton, Bertie Ahern and Brian Cowen. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Bank Of Scotland
The Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are branches in many larger towns and cities throughout England and Wales. The bank is completely separate from the fellow Edinburgh-based bank, the Bank of Scotland, which pre-dates the Royal Bank by 32 years. The Royal Bank of Scotland was established in 1724 to provide a bank with strong Hanoverian and Whig ties. Following ring-fencing of the Group's core domestic business, the bank became a direct subsidiary of NatWest Holdings in 2019. NatWest Markets comprises the Group's investment banking arm. To give it legal form, the former RBS entity was renamed NatWest Markets in 2018; at the same time Adam and Company (which held a separate PRA banking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ulster Bank
Ulster Bank ( ga, Banc Uladh) is a large retail bank, and one of the traditional Big Four Irish clearing banks. The Ulster Bank Group is subdivided into two separate legal entities: National Westminster Bank, trading as Ulster Bank (registered in England and Wales and operating in Northern Ireland); and Ulster Bank Ireland dac (UBIDAC – registered in the Republic of Ireland). The headquarters of Ulster Bank in the Republic of Ireland are located on George's Quay, Dublin, whilst the headquarters of Ulster Bank Northern Ireland are in Donegall Square East, Belfast, and it maintains a large sector of the financial services in both the UK and the Republic of Ireland. Established in 1836, Ulster Bank was acquired by the London County and Westminster Bank in 1917. As a wholly-owned subsidiary of National Westminster Bank (NatWest), it became part of the Royal Bank of Scotland Group (RBS Group) in 2000. RBS Group was renamed NatWest Group in 2020. However, the Ulster Bank brand is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Nationwide Building Society
Irish Nationwide Building Society was a financial institution in Ireland from 1873 to 2011. One of the country's oldest financial institutions, it was originally called the Irish Industrial Building Society; it changed its name in 1975 when it had just five staff. It ceased to exist when its assets, liabilities and branch network were transferred to Anglo Irish Bank. The headquarters of Irish Nationwide were in Grand Parade, Dublin 6. The society's chairman was Danny Kitchen and its last chief executive was Gerry McGinn who succeeded Michael Fingleton in 2009. It had around 100,000 members, with a branch network throughout Ireland. It also had branches in Belfast and London in the UK, and an Isle of Man division, based in Douglas. Irish Nationwide (IOM) Ltd ("INIOM") under a different name, Permanent Bank International Ltd, remained operating in Douglas, Isle of Man. It closed down on 15 December 2017. Permanent Bank International Ltd was a wholly owned subsidiary of Permanent TSB ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Permanent TSB
Permanent TSB Group Holdings plc, formerly Irish Life and Permanent plc is a provider of personal financial services in Ireland. Irish Life Assurance plc and the Irish Permanent Building Society merged to form the Irish Life and Permanent Group in 1999 and the merged entity acquired the Trustee Savings Bank in 2001. The group has no connection to the UK's TSB Bank. History The bank is historically derived from three different companies: * Irish Life Assurance * Irish Permanent Building Society * Trustee Savings Bank (no relation to the British bank of the same name) Irish Life Assurance plc (founded 1939) and the Irish Permanent Building Society (founded 1884) merged to form the Irish Life and Permanent Group in 1999 and the merged entity acquired the Trustee Savings Bank (founded 1816) in 2001. Irish Life Assurance Irish Life was a life assurance company created in 1939 with state assistance and concentrated on life assurance and investment products. * The City of Dublin As ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EBS D
EBS may refer to: Broadcasting * EBS TV (Ethiopia) * Educational Broadband Service, US TV service * Educational Broadcasting System, South Korea ** EBS 1, a South Korean television channel * Emergency Broadcast System, former US Warning system * Europe by Satellite, the EU TV information service Computing * Amazon Elastic Block Store, a cloud storage system * Erase Block Summary of the JFFS2 filesystem * Oracle E-Business Suite Education * Edinburgh Business School, of Heriot-Watt University * El Nasr Boys' School, Alexandria, Egypt * EBS University of Business and Law, in Wiesbaden, Germany * Estonian Business School, in Tallinn, Estonia * European Business School (other) * East Barnet School, Academy in East Barnet, London Finance and commerce * E-Billing Solutions, an Indian company, now part of Ingenico * EBS d.a.c., a financial institution in Ireland * Electronic Broking Services, a foreign-exchange platform * Erste Group, an Austrian financial service provider ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anglo Irish Bank
Anglo Irish Bank was an Republic of Ireland, Irish bank headquartered in Dublin from 1964 to 2011. It began to wind down after nationalisation in 2009. In July 2011 Anglo Irish merged with the Irish Nationwide Building Society, forming a new company named the Irish Bank Resolution Corporation. Michael Noonan (Fine Gael politician), Michael Noonan, the Minister for Finance (Ireland), Minister for Finance stated that the name change was important in order to remove "the negative international references associated with the appalling failings of both institutions and their previous managements". Anglo Irish mainly dealt in business and commercial banking, and had only a limited retail presence in the major Irish cities. It also had wealth management and treasury divisions. Anglo Irish had operations in Austria, Switzerland, the Isle of Man, the United Kingdom, and the United States. The bank's heavy exposure to property lending, with most of its loan book being to builders and pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allied Irish Banks
Allied Irish Banks, p.l.c. is one of the so-called Big Four commercial banks in Ireland. AIB offers a full range of personal, business and corporate banking services. The bank also offers a range of general insurance products such as home, travel and car. It offers life assurance and pensions through its tied agency with Irish Life Assurance plc. In December 2010 the Irish government took a majority stake in the bank, which eventually grew to 99.8%. AIB's shares are currently traded on the Irish Stock Exchange and the London Stock Exchange, but its shares were delisted from these exchanges between 2011 and 2017, following its effective nationalisation. The remainder of its publicly traded shares were listed on the Enterprise Securities Market of the Irish Stock Exchange until 23 June 2017. AIB also owns Allied Irish Bank (GB) in Great Britain and AIB (NI) in Northern Ireland. In November 2010, it sold its 22.5% stake in M&T Bank in the United States. At the beginning of 2008 A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Ireland
Bank of Ireland Group plc ( ga, Banc na hÉireann) is a commercial bank operation in Ireland and one of the traditional Big Four Irish banks. Historically the premier banking organisation in Ireland, the Bank occupies a unique position in Irish banking history. At the core of the modern-day group is the old Governor and Company of the Bank of Ireland, the ancient institution established by Royal Charter in 1783. History Bank of Ireland is the oldest bank in continuous operation (apart from closures due to bank strikes in 1950, 1966, 1970, and 1976) in Ireland. In 1781, the Bank of Ireland Act was passed by the Parliament of Ireland, establishing Bank of Ireland. On 25 June 1783, Bank of Ireland opened for business at Mary's Abbey in a private house previously owned by one Charles Blakeney. On 6 June 1808, Bank of Ireland moved to 2 College Green. In 1864, Bank of Ireland paid its first interest on deposits. In 1926, Bank of Ireland took control of the National Land Bank. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
