Business Irish

Sunday 22 April 2018

Bank chiefs set for Finance Committee

AIB BOSS David Duffy is to appear before the Oireachtas Finance Committee today. The chief executives of Bank of Ireland, Ulster Bank and Permanent TSB will also appear before the committee throughout the week.

Committee chairman Ciaran Lynch said a key focus of its work would be in finding sustainable, long-term solutions to the mortgage crisis.

UK HOUSE PRICES ON THE RISE AGAIN

UK house-price growth accelerated in August amid the strongest market conditions for six years as demand continued to outpace the number of homes for sale.

Average values in England and Wales rose 0.4pc after a 0.3pc gain in July, London-based property researcher Hometrack said. Prices were up 1.8pc from a year earlier, the most since July 2010.

NEW DIRECTOR AT DRAGON OIL

OIL and gas explorer Dragon Oil has appointed Justin Crowley as an independent non-executive director.

Mr Crowley, who is based in Dubai, is an audit and assurance partner at BDO International specialising in regulated industries, the oil and gas industry and other manufacturing and industrial sectors. Dragon Oil chairman Mohammed Al Ghurair said Mr Crowley brings extensive external and internal audit experience.

LENDING VIA CREDIT PROGRAMME RISES

Lending through the Bank of England's flagship credit programme rose in the second quarter, led by Lloyds Banking Group and Nationwide Building Society, with banks expecting further expansion through the rest of 2013.

Lending rose £1.6bn (€1.89bn) in the second quarter from the first three months of the year, the central bank said in a report on use of the Funding for Lending Scheme.

ENTERPRISE WEEK EVENTS UNVEILED

The programme for this year's Fingal Enterprise Week has been unveiled. It runs from September 30 to October 4.

Organised and co-ordinated by Fingal County Enterprise Board, the five-day event will offer over 20 major business events, workshops, mentoring clinics and networking opportunities to more than 1,500 small businesses across the region. The technology sector will be a key focus during the week, with an online masterclass hosted by PayPal and eBay.

Irish Independent

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