Rekindle the hunger

The IFSC will need to be competitive, flexible and innovative to maintain its position as a financial centre writes Padraig Rushe. The IFSC rose from the ashes of the 1987 crash when Ireland found itself in a far worse economic situation than is currently the case. He calls for a return of the IFSC hunger and enthusiasm of old that he thinks will be needed to attract businesses and activities to Ireland.

Does the model need changing?

New and radical thinking and ideas are required to continue to develop international financial services in Ireland - but the reward could be global recognition and top ranking as a global financial centre, says Padraig Rushe.

The 'deepening roots' of IFSC banking

Padraig Rushe reviews the IFSC banking sector highlighting the telling developments of its evolution. Rushe takes a look forward at potential areas of excellence in the banking sector including private banking and covered bonds.

Irish mid-market M&A review

The past nine months have been challenging from a banking perspective. The market has changed substantially and bankers and clients are adjusting to the new reality. While some market segments are more directly affected than others, trading businesses with strong management teams continue to attract both buyers and banks albeit with lower multiples used in valuations and leverage. Bank of Ireland Corporate Banking remains open for business with a consistent appetite for risk and capacity to deliver a first class service proposition to the mid and wider corporate market.

IFSC Banking Sector

Bank of Ireland International Finance (BOIIF) was established and obtained an IFSC licence during the early days of the IFSC. The initial plan for this business was that it would arrange and participate in cross-border structured transactions and generate fee income as well as cost efficient funding for the BOI Group. Soon thereafter the business was expanded and diversified initially into Investment Grade lending, and subsequently into a variety of other lending areas and markets.

Burdale moves into Irish market

Burdale Financial Limited (Burdale), a wholly owned subsidiary of Bank of Ireland, has been a major player in the Comprehensive Asset Based Lending (CABL) market since the 1990s. CABL is defined as senior debt secured against all the assets of a business, including stock, debtors, plant and machinery and land and buildings, in a single funding package. Other assets, including trademarks and patents may prove leveragable in this context. It is an effective and comprehensive method of leveraging a company's underlying assets. Typically, businesses that would benefit from CABL would be capital intensive, asset-backed businesses which are either rapidly expanding, highly leveraged or underperforming and even going through a period of turnaround.

Irish Business Review - December 2007

'A week is a long time in business', surely a phrase we can all identify with after the last four months of turbulence on the International Foreign Exchange and Money Markets. These events have also shown that the economic environment we live in is now a truly global one. Seemingly unconnected events in the US have a direct and immediate impact on Irish businesses and individuals. To read more click here

Bank of Ireland Corporate Banking

Corporate Banking is a business unit within the Capital Markets division of Bank of Ireland and is responsible for developing the Bank of Ireland group's business with its larger more financially sophisticated Corporate customers. Corporate Banking operates through six strategic business units:

- Global Property Finance

- Corporate Banking Ireland

- Global Project Finance

- Global Acquisition Finance

- Global Specialised Finance (including Maritime Industries, Technology, Media & Telecoms, Retail & Leisure, Corporate Banking UK and Asset Based Lending)

Corporate Banking teams are located in Dublin, London, Manchester, Birmingham, Paris, Frankfurt, Bergen, New York City, Stamford, Connecticut, Chicago, Los Angeles and Sydney.

Bank of Ireland Corporate Banking
Head Office
Lower Baggot St
Dublin 2

Tel: + 353 1 604 4000
Fax: + 353 1 604 4005
Email: corporate.banking@boimail.com
Web: www.boi.ie/corporate