US Property Market
June 18, 2008This is the article at the start of this year.
DUBLIN, Jan 21 (Reuters) - Bank of Ireland Corporate Banking said on Monday it had hired five new people to boost its property finance team in the United States. Irelands second largest bank has been seeking to grow its U.S. property business since it was set up in July.
The arrival of an expanded team in the US reinforces our commitment to growing our niche, skill based businesses internationally, Tom Hayes, Bank of Ireland Corporate Banking Chief Executive, said in a statement.
The bank said last week it had established a property finance unit in Frankfurt, aiming to cover European markets.
An end to Irelands decade long property boom, in which house prices quadrupled, has put the brakes on years of rapid growth in the country, with banks seeking to expand their operations in other areas. (Reporting by Jonathan Saul; Editing by Quentin Bryar)