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 how to manage the major changes happening in the industry here. Business • 06 May 22
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 how to manage the major changes happening in the industry here. Business • 06 May 22
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 customers to new providers and the need for the industry to meet it, the President of BPFI said today. Business • 04 May 22
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 customers to new providers and the need for the industry to meet it, the President of BPFI said today. Business • 04 May 22
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 time last year. Business • 29 Apr 22
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 time last year. Business • 29 Apr 22
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 the end of many pandemic state supports at the end of the month. Business • 06 Apr 22
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 the end of many pandemic state supports at the end of the month. Business • 06 Apr 22
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 Ireland. Business • 29 Mar 22
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 Ireland. Business • 29 Mar 22
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 Payments Federation Ireland. Business • 08 Mar 22
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 Payments Federation Ireland. Business • 08 Mar 22
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 22
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 22
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 22
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 22
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 22
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 22
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 22
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 22
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 voted to leave the EU six years ago, a new study has found. Business • 18 Jan 22
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 voted to leave the EU six years ago, a new study has found. Business • 18 Jan 22
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 22
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 22
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
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 and companies because of restrictions on variable pay. Business • 29 Sep 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 and companies because of restrictions on variable pay. 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
€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
Up to 22,000 housing units could be completed this year Housing completions this year could top 22,000, according to an analysis by Banking and Payments Federation Ireland. Business • 02 Sep 21
Up to 22,000 housing units could be completed this year Housing completions this year could top 22,000, according to an analysis by Banking and Payments Federation Ireland. Business • 02 Sep 21
Mortgage approval values at a ten-year high in July Just over 53,500 mortgages to the value of almost €13.2 billion were approved in Ireland in the 12 months to the end of July, according to Banking and Payments Federation Ireland. Business • 27 Aug 21
Mortgage approval values at a ten-year high in July Just over 53,500 mortgages to the value of almost €13.2 billion were approved in Ireland in the 12 months to the end of July, according to Banking and Payments Federation Ireland. Business • 27 Aug 21
Record number of daily contactless payments in June 2.4 million contactless payments were made every day in June of this year, the highest daily figure on record. Business • 12 Aug 21
Record number of daily contactless payments in June 2.4 million contactless payments were made every day in June of this year, the highest daily figure on record. Business • 12 Aug 21
Over 2.2 million contactless payments made a day in May Over 2.2 million contactless payments were made every day in May, new figures from Banking and Payments Federation Ireland show today. Business • 07 Jul 21
Over 2.2 million contactless payments made a day in May Over 2.2 million contactless payments were made every day in May, new figures from Banking and Payments Federation Ireland show today. Business • 07 Jul 21
Supply shortage, cost hikes to hit house affordability A combination of lack of housing supply and rising construction costs could exacerbate property affordability issues in the years ahead, according to the Banking and Payments Federation. Business • 10 Jun 21
Supply shortage, cost hikes to hit house affordability A combination of lack of housing supply and rising construction costs could exacerbate property affordability issues in the years ahead, according to the Banking and Payments Federation. Business • 10 Jun 21
€26m spent a day in contactless payments in February New figures from Banking and Payments Federation Ireland reveal that 1.6 million contactless payments were made every day in February. Business • 08 Apr 21
€26m spent a day in contactless payments in February New figures from Banking and Payments Federation Ireland reveal that 1.6 million contactless payments were made every day in February. Business • 08 Apr 21
Contactless payment values up by almost a third - BPFI The value of contactless payments rose by almost 30% year on year in January to €674m as consumers took advantage of the extended 'tapping' limit of €50, according to figures from the Banking and Payments Federation Ireland. Business • 15 Mar 21
Contactless payment values up by almost a third - BPFI The value of contactless payments rose by almost 30% year on year in January to €674m as consumers took advantage of the extended 'tapping' limit of €50, according to figures from the Banking and Payments Federation Ireland. Business • 15 Mar 21
Big decline in buy-to-let investors in housing market There has been a sharp move away from buy-to-let mortgages to fund investments, according to the latest Housing Market Monitor from the Banking and Payments Federation Ireland. Business • 09 Mar 21
Big decline in buy-to-let investors in housing market There has been a sharp move away from buy-to-let mortgages to fund investments, according to the latest Housing Market Monitor from the Banking and Payments Federation Ireland. Business • 09 Mar 21
Banking Federation critical of capital reserve rules The banking industry's representative association, Banking and Payments Federation Ireland, has published a report claiming Irish banks are forced to hold three times the amount of capital as its European counterparts. Ireland • 16 Feb 21
Banking Federation critical of capital reserve rules The banking industry's representative association, Banking and Payments Federation Ireland, has published a report claiming Irish banks are forced to hold three times the amount of capital as its European counterparts. Ireland • 16 Feb 21
No spike yet in requests for Covid loan supports - BPFI Banks have not yet seen a sharp rise in customers struggling to meet loan repayments following the tightening Covid-19 restrictions, but the Banking and Payments Federation of Ireland says its members are ready to offer support to those that need it. Business • 08 Jan 21
No spike yet in requests for Covid loan supports - BPFI Banks have not yet seen a sharp rise in customers struggling to meet loan repayments following the tightening Covid-19 restrictions, but the Banking and Payments Federation of Ireland says its members are ready to offer support to those that need it. Business • 08 Jan 21
