Danske Bank UK Appoints Deputy Chief Executives

Danske Bank UK Appoints Deputy Chief Executives

Andrew Kelly Corporate

Danske Bank UK Chief Executive Kevin Kingston has appointed two Deputy Chief Executives from within his Belfast-based senior management team. Vicky Davies is Managing Director of Strategy & Corporate Development at the Bank and Stephen Matchett is Chief Financial Officer. Both will retain their current roles alongside additional Deputy Chief Executive responsibilities. Vicky Davies was with Ulster Bank for seven …

Danske Calls On ‘A’ Level Students To Apply For Degree Apprenticeship

Danske Calls On ‘A’ Level Students To Apply For Degree Apprenticeship

Andrew Kelly Corporate

As thousands of young people prepare to receive their ‘A’ Level results this Thursday (20 August) Danske Bank is encouraging young people to consider a lesser-known pathway for the next stage of their education. The bank is inviting applications to its full-funded degree apprenticeship programme, Danske Futures.  Successful applicants will study part time at Ulster University while working in the …

Dry Cleaning Business Presses On With Investment

Dry Cleaning Business Presses On With Investment

Andrew Kelly Corporate

A dry cleaning company has invested £500,000 to purchase two new stores and relocate to larger premises in Banbridge. The investment was supported by Danske Bank. White Label Cleaners was formed in 2010 by Gareth and Susan Hodgen. The business now operates three stores – Victorias in Carrickfergus, Presto Clean in Lisburn and White Label Cleaners in Banbridge. The Lisburn …

Danske Bank's Belfast Headquarters

Consumer Confidence Falls As Political Inactivity And Brexit Continue To Bite

Andrew Kelly Corporate

Consumer confidence in Northern Ireland fell in the second quarter of 2019 as the lack of progress in resolving the local political stalemate and ongoing uncertainty around Brexit continued to weigh on sentiment, according to analysis published today by Danske Bank. The Danske Bank Northern Ireland Consumer Confidence Index fell to 136 in Q2 2019, down from 139 in the …

Danske Bank's Belfast Headquarters

Danske Bank UK Financial Results

Andrew Kelly Corporate

Danske Bank in Northern Ireland reports a profit before impairments of £47.8m for the first half of 2019. Total income is 1% higher reflecting balance sheet growth alongside higher average UK interest rates. Despite continued economic uncertainty, lending is 5% higher year-on-year with retail customer activity levels remaining satisfactory, although new lending to businesses has been impacted by Brexit – …

Danske Bank's Belfast Headquarters

NI Economy Still Constrained By Brexit And Weaker Global Growth

Andrew Kelly Corporate

Danske Bank has today forecast that the Northern Ireland economy will grow by 1.0 per cent in 2019 and by 1.3 per cent in 2020, unchanged from its previous forecasts earlier this year. In its latest Northern Ireland Quarterly Sectoral Forecasts report, Danske Bank said that the Northern Ireland economy didn’t pick up much underlying momentum in the first quarter …

Belfast Tech Start-Up loyalBe Secures Growth Funding

Belfast Tech Start-Up loyalBe Secures Growth Funding

Andrew Kelly Corporate

One of Northern Ireland’s most promising fintech start-ups, loyalBe, has secured a six figure investment which it plans to use to develop its innovative rewards app. loyalBe, which aims to replace paper loyalty cards with one single mobile app, has received the funding from seed capital investment fund techStart NI and a number of private investors. Founded by Cormac Quinn, …

Danske Bank's Belfast Headquarters

Strong Labour Market Triggers Rise In Consumer Confidence

Andrew Kelly Corporate

Consumer confidence in Northern Ireland increased in the first quarter of 2019 mainly due to the strong performance of the labour market, according to analysis published today by Danske Bank. The Danske Bank Northern Ireland Consumer Confidence Index rose to 139 in Q1 2019, up from 127 in the fourth quarter of last year but below the 142 registered in …

Danske Bank's Belfast Headquarters

Danske Bank UK Financial Results

Andrew Kelly Corporate

Danske Bank in Northern Ireland reports a profit before impairments of £23.1m for the first quarter of 2019. Lending volumes are 8% higher year-on-year and deposits grew by 6%. Total income is 3% higher reflecting the growth in lending and deposits, and higher UK interest rates. Costs are 2% higher, given ongoing investment in new customer solutions and skills designed …