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05/02/2009
Ulster Bank Backing Ulster
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 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 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)
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Enterprise NI Announces 'Start Up & Grow Show'
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27 August 2010
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
29 May 2018
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
24 January 2012
Businesses Enter Ulster Bank Awards
Businesses have come out in force to highlight their good work in this year's Ulster Bank Business Achievers Awards. Almost 400 entries have been received for the prestigious scheme, with strong entry levels in categories such as 'International Business'; 'Best Business Start-Up'; and 'Innovation and Emerging Technology'.
Businesses Enter Ulster Bank Awards
Businesses have come out in force to highlight their good work in this year's Ulster Bank Business Achievers Awards. Almost 400 entries have been received for the prestigious scheme, with strong entry levels in categories such as 'International Business'; 'Best Business Start-Up'; and 'Innovation and Emerging Technology'.
08 November 2002
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
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Northern Ireland WeatherThis Evening and Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
