297,000 new current accounts opened as banks exit The main retail banks have opened 297,000 personal current accounts so far this year, as customers of Ulster Bank and KBC Bank Ireland continue switching … Business • 05 Aug
Switching activity drives mortgage approvals in June The latest figures from the Banking & Payments Federation on the mortgage market point to a substantial increase in mortgage switching activity in recent months. Business • 26 Jul
Over 220,000 new current accounts opened as banks exit The main retail banks have opened 222,000 personal current accounts so far this year, as customers of Ulster Bank and KBC Bank Ireland begin switching … Business • 05 Jul
Central Bank, BPFI, banks meet again ahead of exits Senior executives from the five retail banks along with Banking and Payments Federation Ireland attended a CEO roundtable meeting with the Central Bank yesterday, following … Business • 29 Jun
Mortgage switching activity hits record high Mortgage switching volumes and values more than doubled in May compared to the same month last year, according to new figures from Banking and Payments … Business • 28 Jun
Cheque payments hit new quarterly low in Q1 at 4.5m Around 4.5 million cheque payments were made in the first quarter of 2022, according to the latest Payments Monitor from Banking & Payments Federation Ireland. Business • 10 Jun
Build costs could negate property price easing - BPFI An increase in the supply of housing may be contributing to an easing in the pace of growth in property prices, an analysis from the … Business • 07 Jun
Mortgage approvals drop, switching activity rises Just over 4,300 mortgages were approved last month, down 5.9% on the previous month and 1.3% on the same time last year. Business • 31 May
Home buyers need much higher incomes than a decade ago New mortgage customers now need significantly higher incomes to buy a home, compared to the property price peak over a decade ago, a new analysis … Business • 24 May
Value of personal loans rose a third in first quarter The value of personal loans drawn down by borrowers in the first quarter of the year increased by a third according to new figures from … Business • 11 May
Banks sign up to new guiding principles for migration Banking and Payments Federation Ireland and the Irish Banking Culture Board have announced a set of Guiding Principles agreed to by their member banks on … Business • 06 May
Debate on future of banks must be focused and informed Everybody in the banking sector in Ireland fully appreciates the importance of the challenge posed by the movement of one million Ulster Bank and KBC … Business • 04 May
Average FTB mortgage drawdown up €20,000 on last year The average First Time Buyer (FTB) mortgage drawdown was just over €250,000 in the first quarter of this year, almost €20,000 more than the same … Business • 29 Apr
BPFI: Rocky road to recovery ahead for many SMEs A new report highlights the rocky road to recovery ahead for many small and medium sized businesses, due to cost pressures caused by inflation and … Business • 06 Apr
Mortgage switching volumes up over 40% on last year There was strong growth in mortgage approvals in February with switching volumes up 42% year-on-year, according to the latest figures from Banking and Payments Federation … Business • 29 Mar
BPFI: 50,000 new homes to be built before end of 2023 More than 50,000 new homes are expected to be built between now and the end of next year, according to new analysis by Banking and … Business • 08 Mar
Mortgage approvals rose in January - BPFI Mortgage approvals fell in January when compared to the previous month, but were higher year-on-year, according to data from the Banking Payments Federation of Ireland. Business • 24 Feb
85% jump in online and mobile payments since 2016 131 million online and mobile payments were made in 2021, up 85% on 2016 levels. Business • 17 Feb
Personal loans for home improvements jump 25% in 2021 Over 43,000 personal loans for home improvements were drawn down last year, up almost 25% on the previous year. Business • 09 Feb
Number of mortgage drawdowns in 2021 hit 12 year high Last year saw the highest number of mortgage drawdowns since 2009, worth a total value of €10.5 billion. Business • 26 Jan
Brexit boosts international banks' Irish balance sheets The Irish balance sheets of large systemically important banks with international operations run from Ireland have grown by as much as €200bn since the UK … Business • 18 Jan
Mortgage approval values reach new high in November Almost 5,000 mortgages were approved in November, up 8.6% on the previous month but down 4.6% on the same time last year. Business • 12 Jan
Scams jump 80% as victims conned out of €16m in 2020 There was an 80% jump in the number of fraudulent scams carried out last year, with victims conned out of almost €16 million. Business • 07 Oct 21
Pay cap considerably disadvantages Irish banks - report A new report on the future of the banking industry finds Ireland's retail banks are at a "considerable and growing disadvantage" compared to other lenders … Business • 29 Sep 21
€1.16 billion worth of mortgages approved in August New figures from Banking and Payments Federation Ireland show that mortgage approvals fell by 9.2% in August following a record high in July. Business • 24 Sep 21
