{"id":516110,"date":"2026-06-24T13:37:11","date_gmt":"2026-06-24T13:37:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/516110\/"},"modified":"2026-06-24T13:37:11","modified_gmt":"2026-06-24T13:37:11","slug":"foreign-banks-poised-for-growth-in-ireland-despite-external-headwinds-survey-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/516110\/","title":{"rendered":"Foreign banks poised for growth in Ireland despite external headwinds \u2013 survey \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">International banks operating in Ireland expect an expansion in business activity this year, the representative body for the sector has said, despite an increasingly challenging geopolitical environment.<\/p>\n<p class=\"c-paragraph paywall \">The <a href=\"https:\/\/www.irishtimes.com\/tags\/federation-of-international-banks-in-ireland\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/federation-of-international-banks-in-ireland\/\">Federation of International Banks in Ireland <\/a>(FIBI) has published the results of a survey of its members, revealing that just over two-thirds expect to boost their Irish headcount this year. <\/p>\n<p class=\"c-paragraph paywall \">Some 44 per cent of FIBI members, meanwhile, expect their activity levels to grow this year. <\/p>\n<p class=\"c-paragraph paywall \">FIBI chairwoman and <a href=\"https:\/\/www.irishtimes.com\/tags\/citigroup\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/citigroup\/\">Citi Ireland<\/a> country head Davinia Conlan said the external environment for banks operating in the Republic is difficult at the moment. <\/p>\n<p class=\"c-paragraph paywall \">\u201cFIBI members are keenly aware of the risks presented by economic uncertainty, supply chain disruption and trade protectionism, with 67 per cent of survey respondents identifying geopolitical tensions as a challenge,\u201d she said. <\/p>\n<p class=\"c-paragraph paywall \">\u201cCloser to home, the overall regulatory burden remains a significant challenge, cited by half of FIBI members. Regulatory simplification has long been a priority for FIBI and its members.\u201d<\/p>\n<p><img decoding=\"async\" alt=\"\" class=\"c-image audio_image\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/11\/1754647931518-c07d65db-55b5-463e-ae51-976300c5837e.jpeg\"\/>Will a Middle East peace deal make any difference to inflation? <\/p>\n<p class=\"c-paragraph paywall \">Ireland is the seventh largest exporter of financial services in the world and has established itself as a \u201cmajor European and global hub for international banking and investment firms\u201d, Conlan said. <\/p>\n<p class=\"c-paragraph paywall \">\u201cThe economic contribution made by these firms is very significant, with foreign-owned business, financial and other services firms responsible for \u20ac6.5 billion in direct spending in the Irish economy in 2024,\u201d she added. <\/p>\n<p class=\"c-paragraph paywall \">\u201cThat contribution is set to grow further with 67 per cent of respondents to a recent FIBI member survey expecting the level of business activity in their Irish operations to increase in the year ahead. <\/p>\n<p class=\"c-paragraph paywall \">\u201cThis positive outlook is also reflected in employment, with FIBI member firms currently employing almost 17,700 people, up over 20 per cent compared to last year, and 44 per cent of survey respondents expecting their firms to increase employee numbers during 2026.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"International banks operating in Ireland expect an expansion in business activity this year, the representative body for the&hellip;\n","protected":false},"author":2,"featured_media":482686,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[220316,61,60,43],"class_list":["post-516110","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ireland","tag-federation-of-international-banks-in-ireland-fibi","tag-ie","tag-ireland","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/516110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=516110"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/516110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/482686"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=516110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=516110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=516110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}