ZCZC
BCN-18
IRELAND-BRITAIN-FINANCIAL-SERVICE
Ireland’s financial services exports to Britain in 2018 up by 15 pct
DUBLIN, Nov. 29, 2019 (BSS/Xinhua) — Ireland’s exports of financial
services and fintech to Britain reached 248 million euros (about 273 million
U.S. dollars) in 2018, up by 15 percent over the previous year, said Irish
finance minister on Thursday.
This “reflected the strength of both the service delivery, quality of
solution and innovative capacity of Irish companies,” said Paschal Donohoe,
Irish Minister for Finance, Public Expenditure and Reform, in a speech posted
on his ministry’s website.
He made the speech at an annual financial services dinner held at the
Irish embassy in London on Thursday evening.
The minister said that Ireland is now home to 250 of the world’s leading
financial services firms and has become a global hub for fintech with over
200 indigenous Irish fintech companies.
He further noted that 17 of the top 20 global banks, 14 of the top 15
global aircraft lessors, and eight of the top 10 global insurance providers
have operations in Ireland.
“Among the many reasons why companies are choosing to locate in Ireland is
the quality and diversity of our workforce,” he said, adding that Ireland now
enjoys a reputation as one of the most attractive places for foreign direct
investment.
BSS/XINHUA/HR/1215