05/02/2009
Ulster Bank's Business Backing Welcomed
There has been a high level welcome for news that one of the major banks is freeing up additional funds for businesses in Northern Ireland - with hopes of other enterprise initiatives to come.
First Minister Peter Robinson and Deputy First Minister Martin McGuinness (pictured) joined forces to praise this week's announcement by the Ulster Bank that it will make available an additional £250million to fund commerce here.
The money is being made available from the Ulster Bank immediately - as part of a UK wide £3billion package by the bank's parent company, Royal Bank of Scotland.
Meanwhile, the Ministers are also hoping for a positive response from the Westminster government too, as they meet Secretary of State for Business, Enterprise & Regulatory Reform, Lord Mandelson, to discuss a range of issues affecting NI business.
This week though, the delivery of funding by the Ulster Bank prompted Mr Robinson to comment: "This announcement comes as a tremendous boost to the confidence of local businesses in Northern Ireland.
"Many businessmen and women have struggled to gain access to finance over the last year and this injection of funding will enable many people to get back to what they do best, running their businesses," he continued.
Mr McGuinness said: "In a meeting with the Ulster Bank Chairman Sean Dorgan earlier this week, we were informed of the bank's plans to support local business and we are confident that local businesses will benefit considerably.
"The Executive will be monitoring all of our major local banks closely to ensure that support is given to Small and Medium Sized Enterprises during this difficult time."
The announcement comes following the first in a series of meetings with local banks chaired by the First Minister and Deputy First Minister.
Lord Mandelson is meeting local politicians and business representatives to discuss the current economic challenges and update on the Government's plans to work through the situation.
(BMcC/JM)
First Minister Peter Robinson and Deputy First Minister Martin McGuinness (pictured) joined forces to praise this week's announcement by the Ulster Bank that it will make available an additional £250million to fund commerce here.
The money is being made available from the Ulster Bank immediately - as part of a UK wide £3billion package by the bank's parent company, Royal Bank of Scotland.
Meanwhile, the Ministers are also hoping for a positive response from the Westminster government too, as they meet Secretary of State for Business, Enterprise & Regulatory Reform, Lord Mandelson, to discuss a range of issues affecting NI business.
This week though, the delivery of funding by the Ulster Bank prompted Mr Robinson to comment: "This announcement comes as a tremendous boost to the confidence of local businesses in Northern Ireland.
"Many businessmen and women have struggled to gain access to finance over the last year and this injection of funding will enable many people to get back to what they do best, running their businesses," he continued.
Mr McGuinness said: "In a meeting with the Ulster Bank Chairman Sean Dorgan earlier this week, we were informed of the bank's plans to support local business and we are confident that local businesses will benefit considerably.
"The Executive will be monitoring all of our major local banks closely to ensure that support is given to Small and Medium Sized Enterprises during this difficult time."
The announcement comes following the first in a series of meetings with local banks chaired by the First Minister and Deputy First Minister.
Lord Mandelson is meeting local politicians and business representatives to discuss the current economic challenges and update on the Government's plans to work through the situation.
(BMcC/JM)
Related Northern Ireland News Stories
Click here for the latest headlines.
25 June 2013
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
10 May 2012
Northern Bank To Be Rebranded
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
Northern Bank To Be Rebranded
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
18 November 2011
Access To Lending 'Critical' For Business
Bankers have been again asked to help businesses out as much as possible during the current recessionary times - with Stormont taking a leading role in encouraging them to be pro-active in aiding NI's economic recovery.
Access To Lending 'Critical' For Business
Bankers have been again asked to help businesses out as much as possible during the current recessionary times - with Stormont taking a leading role in encouraging them to be pro-active in aiding NI's economic recovery.
28 October 2011
Smaller Firms Banking On Global Advice
International business success stories will be shared with hundreds of small and medium-sized enterprises (SMEs) and aspiring entrepreneurs as part of a major events tour being organised by Ulster Bank in association with Small Business Can, an Ulster Bank initiative that allows thousands of other small businesses and entrepreneurs to communicate.
Smaller Firms Banking On Global Advice
International business success stories will be shared with hundreds of small and medium-sized enterprises (SMEs) and aspiring entrepreneurs as part of a major events tour being organised by Ulster Bank in association with Small Business Can, an Ulster Bank initiative that allows thousands of other small businesses and entrepreneurs to communicate.
03 January 2007
Bank robbery charges dropped
The County Down man accused of the £26 million Northern Bank robbery in 2004, has had the charges against him dropped. Dominic McEvoy, 23, a builder from Mullandra Park in Kilcoo, was not present in Belfast Magistrates Court during the hearing.
Bank robbery charges dropped
The County Down man accused of the £26 million Northern Bank robbery in 2004, has had the charges against him dropped. Dominic McEvoy, 23, a builder from Mullandra Park in Kilcoo, was not present in Belfast Magistrates Court during the hearing.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.