Kenneth Deery

𝐏𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐀𝐮𝐭𝐨-𝐄𝐧𝐫𝐨𝐥𝐦𝐞𝐧𝐭 𝐆𝐞𝐭𝐬 𝐂𝐥𝐨𝐬𝐞𝐫 The Automatic Enrolment Retirement Savings System Bill 2024 is set to launch on 1 January 2025, aiming to significantly increase pension coverage in Ireland. While many will benefit, implementation challenges remain. 𝑹𝒆𝒂𝒅 𝒎𝒐𝒓𝒆 𝒊𝒏 𝑨𝑩 𝑴𝒂𝒈𝒂𝒛𝒊𝒏𝒆: https://lnkd.in/eYutPy7N

7

Are you looking for a lucrative business opportunity in the growing financial services industry? At FIFO Capital Ireland, we provide innovative cash flow solutions to businesses across Ireland, and we’re expanding! We are seeking motivated business partners and franchisees to join our thriving network. ✅ Proven Business Model: With years of success, FIFO Capital’s unique approach to financing helps businesses thrive by offering flexible cash flow solutions. ✅ Be Your Own Boss: As a partner or franchisee, you’ll have the independence of running your own business with the backing of a trusted brand. ✅ Comprehensive Training & Support: We equip you with everything you need to succeed, from in-depth training to ongoing support in operations, marketing, and sales. ✅ High Demand: SMEs across Ireland need innovative finance solutions to grow and manage cash flow. This is your chance to provide a crucial service and help businesses succeed. Are you ready to be part of a dynamic and growing market? Let’s build a successful future together! Contact me for more insights into this opportunity. #BusinessOpportunity #FranchiseOpportunities #FinancialSolutions #FIFOcapital #Franchisee #BusinessPartners

2

Are you looking for a lucrative business opportunity in the growing financial services industry? At FIFO Capital Ireland, we provide innovative cash flow solutions to businesses across Ireland, and we’re expanding! We are seeking motivated business partners and franchisees to join our thriving network. ✅ Proven Business Model: With years of success, FIFO Capital’s unique approach to financing helps businesses thrive by offering flexible cash flow solutions. ✅ Be Your Own Boss: As a partner or franchisee, you’ll have the independence of running your own business with the backing of a trusted brand. ✅ Comprehensive Training & Support: We equip you with everything you need to succeed, from in-depth training to ongoing support in operations, marketing, and sales. ✅ High Demand: SMEs across Ireland need innovative finance solutions to grow and manage cash flow. This is your chance to provide a crucial service and help businesses succeed. Are you ready to be part of a dynamic and growing market? Let’s build a successful future together! Contact me for more insights into this opportunity. #BusinessOpportunity #FranchiseOpportunities #FinancialSolutions #FIFOcapital #Franchisee #BusinessPartners

4

2 Comments

One of the biggest decisions you’ll face as a property owner in Ireland is whether to sell or rent out your residential or commercial space. Both options have their own advantages and challenges, and the right choice depends on your specific circumstances and long-term goals. In this article, we’ll explore the key factors to consider when deciding between selling or renting your property. https://lnkd.in/eS8Nj4UM

1

Offaly Businesses Take Note: Microfinance Ireland has just doubled its lending limit to €50,000! This significant increase is part of the government’s new measures to support small businesses, providing you with more opportunities for cash flow and expansion. What's changed? -Now, microenterprises can apply for loans up to €50,000, making it easier for businesses that might struggle to secure funding from traditional lenders. - Microfinance Ireland will assist both start-ups and established businesses across various sectors including hospitality, food, manufacturing, and retail. Sustaining Growth: For more information on how to apply, visit Microfinance Ireland. https://lnkd.in/ewp6J_fs #OffalyBusiness #MicrofinanceIreland #SupportLocal #SmallBusinessGrowth #FundingOpportunities

10

⚠ ATTENTION BUSINESS OWNERS ⚠ The publication of the Finance Bill 2024 will bring a significant shift in the PRSA landscape in Ireland, in particular for company owners, in 2025. As things stand, there is no limit to how much a company owner can pay into a PRSA. As of 1st January 2025, it will be capped at 100% of their salary. In practical terms, you could have a company owner taking a salary of €40k from their business, but who is putting €100k into their PRSA in 2024. In 2025 and beyond, they will be capped at €40k. Any contributions above the 100% cap will be subject to BIK. This is a big shift, and I'd highly recommend that any company owner sitting on a healthy balance sheet should take financial advice very soon with a view to maximising the current PRSA position before it changes. DNG Financial Services James Kane MSc, CFP®Tom Flanagan BBS QFA CFP®Rebecca Harlow QFA Suzanne Kennedy QFA APA #financebill2024 #prsa #pension #retirementplanning #businessowners #companydirectors #dng #dngfs #dngfinancialservices

15

1 Comment

Special Report: Green Finance Special Report! We look at how the provision of capital through the use of financial products such as investment funds, loans, mortgages or bonds, which support environmentally sustainable activities. Check it out here https://lnkd.in/eEy52Dyt AIB KPMG

2

We are excited to announce an outstanding performance for the first half of 2024, achieving a profit before tax of €148.2 million👏 📈 Read what our CEO, Kenneth Farrugia and Chairman, Dr.Gordon Cordina have to say 👉 https://lnkd.in/d8ieDWv9 #BOVHalfYearlyFinancialResults

108

3 Comments

Thinking of a merger or acquisition? The latest Bibby Financial Services Ireland SME Tracker survey shows that 46% of Irish SMEs have expressed their intention to pursue M&A opportunities for their business. Read this and more below 👇

10

1 Comment

Ibec published its new Economic Outlook earlier today, forecasting GDP growth of 2% in 2024 and 2.7% in 2025. The report highlights that, while the Irish economy is experiencing some moderation in growth after five years of remarkable expansion, the economic outlook remains positive. However, the Outlook also notes that under-delivery in critical infrastructure is constraining the potential for growth in both domestic businesses and foreign direct investment. Read the full report here 👉 https://lnkd.in/e8iRisDN

6

Loan Drawdowns up 56% as we share our Annual Report for 2023.   Our 2023 Annual Report was launched last week at our AGM, hosted at the Skainos Centre in East Belfast.   The results were significant, as the report highlights performance and partnerships that see Community Finance Ireland fast becoming recognised as market disruptors, continuing to push the boundaries of what we can offer the sector.   Key highlights included:   Financial Performance: - Record levels of community loan drawdowns of above £11m GBP / €13m (up 56% from the previous year), together with some £14.6m/ €17.3m in loan approvals during 2023.   Impact and Reach: - Our second Social Impact Report, in association with ROSE REGENERATION LIMITED shows that for every £/€1 invested the multiplier value is £/€3.69.   Additional and Affordable Capital: - Awarded a new £13 million Financial Transaction Capital (FTC) Fund in collaboration with the Department for Communities in Northern Ireland.   Partnerships and Collaboration: - With Rethink Ireland and the Department of Rural and Community Development in the roll out of the Hybrid Social Finance Loan Fund. - With The International Fund for Ireland and Rural Community Network in the delivery of the Networks23 Communities in Partnership Programme. - With Invest Northern Ireland and Enterprise Northern Ireland in the delivery of the Northern Ireland Small Business Loan Fund II. Further detail and perspective on our performance included in this video below.   To all our clients and communities, we say thank you again for choosing change and helping bring about social impact, for all of us.   And you can read the report in full here: https://lnkd.in/g8Nc9a6X https://lnkd.in/eTRcF63A

14

Excellent article below on how Irish electricity customers were protected through the energy crisis from volatile wholesale and fossil fuel prices compared to other member states. Well worth a read.

19

3 Comments

Data sharing is key to boosting SME financing, says taskforce 🗝 The government should create mechanisms for businesses to more easily share data to increase the cash flow into small UK businesses, according to the SME Finance Taskforce. ➡ https://lnkd.in/eBwh_Jrv 🔗 #UKtech #data #datasharing #SME #lenders #funding #KingsSpeech #SmartData Centre for Finance, Innovation and Technology (CFIT)

2

Fifo Capital Ireland is committed to empowering Irish business owners by providing tailored financing solutions that unlock your full potential. We understand that every business is unique, and our flexible financial options are designed to give you the control you need to drive growth and seize new opportunities. Imagine saying goodbye to financial constraints and embracing a future filled with possibilities. With our support, you can navigate challenges with confidence and steer your business towards success. Our mission is to enable Irish SMEs to take charge of their finances, ensuring you have the resources necessary to thrive in today's competitive landscape. Together, we can foster a vibrant business community that not only survives but flourishes. If you're ready to explore how we can help you achieve your business goals, connect with Declan Devlin and discuss the tailored solutions Fifo can offer. Your journey to financial empowerment starts here. #BusinessGrowth #FinancialEmpowerment #IrishSMEs #FifoCapitalIreland

4

Do you have expertise in entrepreneurship amongst women founders and/or women-led businesses? If yes, you might be able to help our friends InterTradeIreland to develop this important feasibility study. #InnovationQuarter #InterTradeIreland #Entrepreneurship

1

New Report | European Lender Intentions Survey 2024 Our European lender survey has been released with responses from 130 lenders. Positively for the market, almost two thirds of lenders will increase their activity this year. Notably for the Irish market where non-bank lenders are playing an increasingly important role, 76% of this lender group will lend more this year, with residential and industrial again being the favoured sectors. Other key points: ▪ Debt markets remain resilient, with higher lending activity expected in 2024 relative to last year ▪ This is a sign of robust confidence in the stability and growth prospects of European property markets ▪ Lenders are prioritising sustainability in their underwriting process Please contact Peter Keegan or Christian Judd of the CBRE Irish Corporate Finance team should you wish to discuss further. Read our inaugural European Lender Intentions Survey 2024 for more: https://cbre.co/3xFYY67

19

AIB has raised €650 million from its latest green bond issuance as part of plans to finance projects with ‘clear environmental and climate action benefits’. AIB announced this week that it raised €650 million of Tier 2 sub-ordinated bank capital, which the bank said marked its second green capital issuance and its sixth green bond in total. “Sustainability is at the heart of our Group strategy as we seek to protect our people, our prosperity and our planet from the devastating impact of climate change by reducing our own carbon footprint and supporting our 3.3 million customers to do the same,” said AIB Chief Executive Colin Hunt. “We achieve this in many ways including by backing major investment in energy and climate action infrastructure and by supporting our personal customers with discounted green mortgages to buy energy efficient homes and green personal loans to fund retrofits or the purchase of electric vehicles.” AIB has raised a total of €4.65 billion from the issuance of green bonds. AIB’s bond was issued at a level of MidSwaps + 190bps, equating to a coupon of 4.625%, with over 220 investors on board. The lead arranger group on the issuance comprised Goodbody, HSBC, ING, J.P. Morgan, Morgan Stanley and NatWest Markets Plc. “Our ambition is that 70% of AIB’s new lending will be green or transition by 2030. And we are making real progress towards achieving that goal through the deployment of our €30 billion Climate Action Fund,” added Hunt. “The more green lending we do, the more green capital we can raise as investors are attracted by our strong ESG credentials. Green bonds are a key part of the transition finance toolkit as they enable capital to be directed towards key green and transition activities. The success of yesterday’s transaction further underlines AIB as a national climate action champion with a very strong capital and financial position.” #cleanenergy

10

1 Comment