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A third of 18-34 year olds are living with friends

A third of people don't expect to own home - survey

Nearly a third of people want to own their own home but don't think they ever will, a new survey has found.

The report shows there were 604 million payment on credit and debit cards in the second quarter of this year

Online payments continue to grow, cheque payments drop

Online and mobile banking payments are continuing to grow in the country while usage of cheques has dropped to the lowest level since 2008.

Business • 13 Oct 23

The latest BPFI report reveals an 80% drop in switching and remortgage activity

Mortgage switching down almost 80% on last year

There was a huge drop in the number of people switching their mortgages in August compared to the same time last year, new figures show.

Business • 29 Sep 23

About 80% of homes in Ireland likely have a BER of C or worse.

BPFI: Further action needed to meet retrofitting target

A new report states that further action is needed if Ireland is to meet its retrofitting targets.

Business • 25 Sep 23

Just under 7,400 units were completed in the second quarter of this year

BPFI: Over 30,000 new homes could be built this year

Over 30,000 new homes could be completed this year, new analysis from Banking and Payments Federation Ireland shows.

Business • 12 Sep 23

AIB's Cathy Bryce to be first female President of BPFI

The Managing Director of AIB Capital Markets, Cathy Bryce, has been appointed the first female President of the Banking and Payments Federation Ireland (BPFI).

Business • 11 Sep 23

Around 100,000 mortgages are currently managed by credit servicing agents on behalf of investment funds

New support measures for mortgage holders

The main Irish bank and non-bank lenders have agreed a new set of criteria designed to provide clear guidance to mortgage holders whose loans are managed by credit servicing on how they could potentially switch their loan to another provider.

Business • 06 Sep 23

First-time buyers accounted for 61.5% of the approved mortgages

Mortgage approvals fall in July despite FTB activity

A slowdown in the market meant the number of new mortgages approved in July was down 9.7% on the same month last year and 0.4% on June, despite continued strong first time-buyer activity.

Business • 25 Aug 23

First-time buyers accounted for 63% of the market

Mortgage activity slows but lending to FTB robust

The volume of new mortgages drawn down by first-time buyers in the second three months of the year fell for the first time since the pandemic in 2020.

Business • 26 Jul 23

Fraud losses reached almost €85m last year - BPFI

Almost €85m was defrauded from people in Ireland last year, according to new figures from Banking and Payments Federation Ireland - an increase of 8.8% on 2021.

Business • 14 Jul 23

First time buyer approvals rose by 26.4% to €926m in May

First-time buyers mortgage approvals hit record high

May was the busiest month for first-time buyer mortgage approvals in both volume and value terms since the figures started being collected in 2011, new figures from Banking and Payments Federation Ireland show today.

Business • 27 Jun 23

First time buyers continued to seek mortgage approval, but would-be movers and switchers declined

Mortgage approvals down almost 14% in April - BPFI

A decline in the numbers of people looking to switch mortgage provider or move home led to a decline in mortgage approvals in April, according to Banking and Payments Federation Ireland.

Business • 15 Jun 23

Median monthly mortgage repayments nationally stood at €1,089 for first time buyers

Home prices rise faster than mortgage values

The increase in median mortgage values was slower between 2020 and 2022 than the rise recorded in property prices over the same period, new data has shown.

Business • 24 May 23

Excluding pensions, one in three adults in Ireland have some form of investment

Younger people more likely to invest in cryptocurrency

Generational differences in investment behaviour among consumers in Ireland has been highlighted in a survey by Banking & Payments Federation Ireland.

Business • 12 May 23

The total value of mortgage approvals during the month of March was €1.3 billion

New mortgage drawdowns fell by a third in first quarter

The volume and value of new mortgages drawn down in the first three months of this year fell by around a third, compared to the final three months of last year.

Business • 28 Apr 23

Accommodation output was almost 38% lower in the last quarter of 2022 compared to the same period in 2019

SME-heavy services sector will need consumption boost

Private consumption will need to increase in order to help the services sector deal with the expiration of Government pandemic and cost of living supports.

Business • 25 Apr 23

Today's report states that Ireland's international banks make a significant contribution to employment across the country.

Ireland the 6th largest exporter of financial services

The number of international banks and investment firms operating in Ireland continues to grow, with 17 of the world's top 20 global banks now located here.

Business • 04 Apr 23

Invoice redirection fraud is growing in prevalence

Small firms conned out of €8m through fraud last year

Small firms were conned out of €8m last year as a result of cases of invoice and so-called CEO impersonation fraud.

Business • 29 Mar 23

Online and mobile payments also continued to rise last year

€17.9bn spent using contactless payments last year

The value of goods bought using contactless payments last year jumped by almost a third, as the shift to cashless gathered pace.

Business • 27 Mar 23

The mortgages approved during the month were valued at €945 million

Switching declines leads to drop in mortgage approvals

A decline in switching activity following a busy period that saw many borrowers lock in fixed rates, contributed to a fall in new mortgage lending last month according to new data.

Business • 24 Mar 23

Almost 30,000 new homes were completed last year, the report shows (file pic)

Nearly 27,000 new homes to be delivered in 2023 - BPFI

Nearly 27,000 new homes will be delivered this year, new figures from Banking and Payments Federation Ireland (BPFI) suggest.

Business • 14 Mar 23

In total, 58,000 mortgages were approved within the 12 months to the end of January

€16bn worth of mortgages approved in 12 month period

58,000 mortgages were approved in the 12 months ending January 2023, valued at almost €16 billion, new figures show today.

Business • 28 Feb 23

€126m was drawn down in home improvement loans in the fourth quarter of last year, 8.7% more than in the same period of 2021

€1.6 billion of personal loans drawn down in 2022

€1.6 billion worth of personal loans were drawn down last year, up almost 19% on 2021, new figures show today.

Business • 09 Feb 23

When compared to the previous year, drawdown volumes rose by 21%, while values rose by over 34%.

€14.1bn worth of mortgages drawn down last year

Almost €14.1 billion worth of mortgages were drawn down last year, the highest since 2008, new figures show today.

Business • 01 Feb 23

The BPFI figures show that almost 55,000 mortgages were approved in the year to November 2022, valued at almost €14.9 billion

Switching continues to drive growth in mortgage market

New figures from Banking and Payments Federation Ireland (BPFI) show that 5,433 mortgages were approved last November, up 1.6% on the previous month, and 9.6% on November 2021.

Business • 13 Jan 23