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Ireland’s rise in the finance sector gives hope to job seekers

Dublin: The progress in the financial sector gives job seekers in Ireland great hope. According to a report released by the Federation of International Banks in Ireland, 65 percent of the country’s banking institutions plan to hire more people.

Over the last three years, employment opportunities at FIB companies in Ireland have increased by 16%. This sector employs 14,200 people. The report also reveals that 80 percent of banking institutions will expand their operations in Ireland. This gives a lot of hope to job seekers.

Within a year, Ireland has made significant advances in banking operations.

Export of financial services.

According to the United Nations, Ireland ranks sixth in the world in financial services exports. This information is contained in the Federation of International Banks Ireland’s report. Ireland accomplished this in less than a year. A year ago, Ireland was in eighth place.

The report points out that 17 of the world’s top 20 global banks are in Ireland. The Federation of International Banks in Ireland (FIBI) report says that Ireland’s international banking and investment sector is growing despite geopolitical tensions and economic uncertainty.

According to the report, employment at FBI institutions increased by 16% between 2019 and 2022, with 65% of members expecting to increase staff numbers this year. The report suggests that 80% of firms will increase their Irish operations.

Fernando Vicario, Chairman of FIB and CEO of Bank of America Europe DAC, said that this report reveals the steady growth trend of the Irish economy. Despite global uncertainty, Ireland’s international banking sector remains strong.
Ireland has many advantages, including the fact that it is the only English-speaking country in the Eurozone. Brian Hayes, executive director of the Banking and Payments Federation Ireland, said.

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