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AIB has told the Oireachtas Finance Committee that it wrote down €3.5 billion in debt between 2015 and 2022

83 AIB customers had debts of €1m or more written off

The total value of the loans of the more than 1,900 AIB customers who have had their debts written down by over 90% since 2015 is €533.8m, the bank has told an Oireachtas committee.

Business • 22 Mar 23

Ulster Bank and KBC Bank Ireland are leaving the Irish market

Ulster Bank freezes 126,000 accounts ahead of exit

126,000 Ulster Bank accounts have been frozen since the departing lender began the process of winding down customers' use of its services in November.

Business • 01 Feb 23

Ulster Bank has defend its decision not to give advance warning of its plan to withdraw from the Irish market to staff at the Finance Committee

Ulster Bank defends decision on withdrawal announcement

The chief executive of Ulster Bank has defended the decision of the bank and its parent NatWest not to give advance warning of its plan to withdraw from the Irish market to staff.

Business • 23 Feb 21

Central Bank Governor Gabriel Makhlouf was before the Finance Committee today

Central Bank may continue to be 'annoying' - Makhlouf

The Governor of the Central Bank has said that under his leadership he is determined to ensure the practices, culture and behaviours of the past are not repeated.

Business • 05 Dec 19

KBC Bank Ireland's new CEO Peter Roebben

KBC Bank Ireland CEO to 'tread carefully' on bad loans

The new boss of KBC Bank Ireland has said he thinks the bank should continue to "tread carefully" when it comes to the issue of non-performing loans (NPLs).

Business • 21 May 19

Colin Hunt said addressing non-performing loans is essential to the resilience of the banking system

AIB may sell more non-performing loans this year

The new chief executive of AIB, Colin Hunt, has signalled that the bank may sell further non-performing loans later this year.

Business • 11 Apr 19

Outgoing Central Bank Governor Philip Lane said the proposed Sinn Fein bill would not improve consumer safeguards

Lane warns of 'No Consent, No Sale' bill impact

The Governor of the Central Bank has said the bank has "grave concerns" about a proposed law which would prevent the sale by banks of loans to so-called vulture funds without the consent of the borrower.

Business • 26 Mar 19

Robert Watt said he did not recall the reported 'mob' comments

Watt says 'guesstimates' not enough for major projects

Robert Watt, the most senior civil servant in charge of public spending, has told the Dáil Public Accounts Committee that major State building projects should not be announced based on "guesstimates" of what they will cost.

Politics • 07 Mar 19

ECB President Mario Draghi is before the Committee on Finance, Public Expenditure and Reform and Taoiseach today

Too little competition in 'monopoly' mortgage market

The President of the European Central Bank has said he believes mortgage holders pay higher interest rates here than the euro zone average because the market was not competitive enough.

Business • 08 Nov 18

Permanent TSB has told the committee that 539 properties which had been surrendered to the bank are to be sold

PTSB warns of need to deal with non-performing loans

Banks need to move quickly to deal with the high percentage of non-performing loans on their books in order to protect the banking system and the community from any downturn in the economy, according to PSTB.

Business • 14 Jun 18

Paschal Donohoe said the Government is not opposed to making increased payments to the EU budget

Ireland to pay more into EU budget after Brexit

The Minster for Finance has said Ireland will be asked to pay more into the next EU budget - in part to make up for the drop in funding caused by Brexit.

Business • 12 Jun 18

Philip Lane said a combination of factors over the next two to three years could see house prices not just stop rising but starting to fall

House prices could fall over next 2-3 years - Lane

The Governor of the Central Bank has said there is a "material risk" that house prices could go into reverse over the next two or three years.

Business • 10 May 18

Permanent TSB CEO Jeremy Masding tells the Finance Committee the ratio of non-performing loans on its balance sheet was 26%

PTSB accused of 'throwing its customers to the wolves'

The chief executive of Permanent TSB has said it will "simply not be possible" to meet European Central Bank targets to reduce the level of non-performing loans in the bank without resorting to the sale of mortgages.

Business • 22 Mar 18

Francesca McDonagh told the committee that the tracker mortgage issue is at the top of her priority list

Bank of Ireland CEO says bank was too slow on trackers

The Chief Executive of Bank of Ireland has apologised unreservedly to customers affected by the tracker mortgage scandal.

Business • 30 Jan 18

Finance Minister Paschal Donohoe is before the Finance Committee today

Govt to advertise for State nominees to banks' boards

The Minister for Finance Paschal Donohoe has said the government is to advertise for State nominees to sit on the boards of the Irish banks.

Business • 16 Jan 18

Isolde Goggin tells the Finance Committee that the CCPC 'cannot go on a fishing expedition' in relation to tracker mortgages

Watchdog says can't go on tracker 'fishing expedition'

The chairperson of the CCPC told the Oireachtas Finance Committee there is no evidence of any breaches of competition law by banks in relation to the tracker mortgage scandal to warrant a criminal investigation.

Business • 07 Dec 17

CSO chief says the question of whether GDP and GNP are relevant measures for assessing economies is an international issue

CSO chief cautions of more shifts in GDP figures

The head of the Central Statistics Office has told the Oireachtas Finance committee that there could be more level shifts in GDP and GNP due to the continued relocation of intellectual property assets to Ireland by multinational companies.

Business • 13 Oct 16

The committee said it decided to invite the firms to a meeting, given the significant role they play in the Irish economy

Equity firms decline finance committee meeting

The Oireachtas finance committee has said that all of the international private equity firms it invited to a meeting last year to discuss private equity and mortgage provision in Ireland all declined to attend.

Business • 21 Jan 16

Patrick Honohan says banks should move to publishing a clear statement of their standard variable interest rate policy

Progress in mortgage arrears 'damagingly slow'

The Governor of the Central Bank has said that standard variable mortgage rates had moved arguably higher than a "fair-minded customer" might have reasonably expected.

Business • 28 May 15

Ulster Bank's CEO Jim Brown appears before Finance, Public Expenditure and Reform Committee

Ulster Bank CEO cautions on Central Bank proposal

Ulster Bank's CEO Jim Brown has said that the Central Bank's announcement on mortgage lending restrictions could prevent many first time buyers from getting a foot on the property ladder.

Business • 13 Nov 14

Permanent TSB Jeremy Masding says banks has started talks with potential investors

PTSB seeing favourable responses from investors

Permanent TSB has started early talks with potential investors and has received "very favourable" responses, its chief executive Jeremy Masding said today.

Business • 12 Nov 14

Finance Committee publishes report on mortgage arrears

Rising prices putting homes in repossession risk

Rising property prices could put more homes at risk of repossession than before, according to a report by the Oireachtas Finance Committee.

Business • 08 Jul 14

AIB CEO David Duffy said the bank would only compromise on debt with co-operating customers

AIB's Duffy stresses need for engagement

AIB chief executive David Duffy has told the Oireachtas Finance Committee that engagement is the "key that unlocks the conundrum for most distressed borrowers".

Business • 09 Apr 14

PTSB expects to repossess a total of between 2,000 and 4,000 homes as a result of the mortgage crisis

PTSB expects to repossess 2,000-4,000 homes

Permanent TSB has told the Oireachtas Finance Committee that it expects to repossess a total of between 2,000 and 4,000 homes as a result of the mortgage crisis.

News • 09 Apr 14

Joint Oireachtas Committee on Finance was told that repossessing a home was currently cheaper for banks than finding a resolution

Committee told of 'ramping up' of repossessions

The Joint Oireachtas Committee on Finance, Public Expenditure and Reform has heard of a “ramping up” of repossession activity by mortgage providers.

Business • 02 Apr 14