Credit union loan book grows to record level The combined loan book of Irish League of Credit Unions members reached its highest ever level of €6.24 billion, surpassing the previous record of €6.21 billion recorded in 2008. Business • 12 Sep
Credit union loan book grows to record level The combined loan book of Irish League of Credit Unions members reached its highest ever level of €6.24 billion, surpassing the previous record of €6.21 billion recorded in 2008. Business • 12 Sep
Car loan values jump 25% to highest level on record in Q1 New figures out today show that car loan volumes and values reached their highest levels on record in the first quarter of this year. Business • 15 Aug
Car loan values jump 25% to highest level on record in Q1 New figures out today show that car loan volumes and values reached their highest levels on record in the first quarter of this year. Business • 15 Aug
Record personal loans for car, home improvement in 2024 A record €2.5 billion worth of personal loans were drawn down last year, including loans for cars, home improvement works, holidays and weddings. Business • 16 May
Record personal loans for car, home improvement in 2024 A record €2.5 billion worth of personal loans were drawn down last year, including loans for cars, home improvement works, holidays and weddings. Business • 16 May
Clann Credo cuts interest rates for borrowers Social finance organisation Clann Credo said today it would cut its interest rates for new and existing borrowers. Business • 11 Mar
Clann Credo cuts interest rates for borrowers Social finance organisation Clann Credo said today it would cut its interest rates for new and existing borrowers. Business • 11 Mar
HBFI grows loan approvals to €2.7 billion New figures from Home Building Finance Ireland show it has grown total loan approvals to €2.7 billion at the end of December 2024, an increase of 61% on the €1.66 billion at the end of 2023. Business • 29 Jan
HBFI grows loan approvals to €2.7 billion New figures from Home Building Finance Ireland show it has grown total loan approvals to €2.7 billion at the end of December 2024, an increase of 61% on the €1.66 billion at the end of 2023. Business • 29 Jan
Staffing, energy costs biggest worries for SMEs - SBCI A new survey from the Strategic Banking Corporation of Ireland reveals that access to skilled staff, high energy and transport costs as well as access to finance are the biggest risks identified by Irish SMEs. Business • 21 Oct 24
Staffing, energy costs biggest worries for SMEs - SBCI A new survey from the Strategic Banking Corporation of Ireland reveals that access to skilled staff, high energy and transport costs as well as access to finance are the biggest risks identified by Irish SMEs. Business • 21 Oct 24
Drawdown of car loans hits record high in first quarter Strong demand for cars helped drive volumes in the personal loans market during the first three months of the year. Business • 09 Aug 24
Drawdown of car loans hits record high in first quarter Strong demand for cars helped drive volumes in the personal loans market during the first three months of the year. Business • 09 Aug 24
Near 50% jump in value of car loans - BPFI There has been a surge in the volume and value of car loans being issued here, according to the latest Personal Loans Report from Banking and Payments Federation Ireland. Business • 09 Nov 23
Near 50% jump in value of car loans - BPFI There has been a surge in the volume and value of car loans being issued here, according to the latest Personal Loans Report from Banking and Payments Federation Ireland. Business • 09 Nov 23
Amigo can't find cornerstone investor for capital raise Amigo Holdings has failed to find a cornerstone investor for its planned capital raise, and is looking for a syndicate of investors to pull together £45m, the UK sub-prime lender said today. Business • 16 Jan 23
Amigo can't find cornerstone investor for capital raise Amigo Holdings has failed to find a cornerstone investor for its planned capital raise, and is looking for a syndicate of investors to pull together £45m, the UK sub-prime lender said today. Business • 16 Jan 23
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 the Banking and Payments Federation Ireland (BPFI). Business • 11 May 22
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 the Banking and Payments Federation Ireland (BPFI). Business • 11 May 22
CCPC approves AIB purchase of Ulster Bank loans The Competition and Consumer Protection Commission (CCPC) has given clearance for AIB's proposed purchase of Ulster Bank's €4.2bn performing commercial loan book. Business • 28 Apr 22
CCPC approves AIB purchase of Ulster Bank loans The Competition and Consumer Protection Commission (CCPC) has given clearance for AIB's proposed purchase of Ulster Bank's €4.2bn performing commercial loan book. Business • 28 Apr 22
Pepper to create 100 new Irish jobs Loan servicing company Pepper European Servicing expects to create 100 new jobs this year as its assets under management here exceeded €20 billion for the first time on the back of a number of new deals. Business • 25 Mar 22
Pepper to create 100 new Irish jobs Loan servicing company Pepper European Servicing expects to create 100 new jobs this year as its assets under management here exceeded €20 billion for the first time on the back of a number of new deals. Business • 25 Mar 22
Irish mortgage rates still second highest in euro zone Mortgage rates in Ireland remained the second highest across the euro area, next to Greece, in October, according to the latest statistics from the Central Bank. Business • 08 Dec 21
Irish mortgage rates still second highest in euro zone Mortgage rates in Ireland remained the second highest across the euro area, next to Greece, in October, according to the latest statistics from the Central Bank. Business • 08 Dec 21
What does KBC's deal with BoI mean for customers? KBC has agreed to sell €8.8bn in performing loans and €4.4bn in deposits to Bank of Ireland, as part of its plan to exit Ireland. But what does all that mean for customers? Business • 22 Oct 21
What does KBC's deal with BoI mean for customers? KBC has agreed to sell €8.8bn in performing loans and €4.4bn in deposits to Bank of Ireland, as part of its plan to exit Ireland. But what does all that mean for customers? Business • 22 Oct 21
Euro zone households kept tapping banks for credit Euro zone households continued to borrow at a brisk pace from their banks last month, European Central Bank data showed today. Business • 27 Jul 21
Euro zone households kept tapping banks for credit Euro zone households continued to borrow at a brisk pace from their banks last month, European Central Bank data showed today. Business • 27 Jul 21
Credit Review Office to be put on statutory footing The Government is bring forward draft legislation that will put the Credit Review Office (CRO) on a statutory footing. Business • 06 Jul 21
Credit Review Office to be put on statutory footing The Government is bring forward draft legislation that will put the Credit Review Office (CRO) on a statutory footing. Business • 06 Jul 21
AIB in talks to acquire €4bn of Ulster Bank loans AIB is looking to acquire €4 billion worth of Ulster Bank's performing corporate and commercial loans following NatWest's decision to withdraw from the Republic of Ireland. Business • 19 Feb 21
AIB in talks to acquire €4bn of Ulster Bank loans AIB is looking to acquire €4 billion worth of Ulster Bank's performing corporate and commercial loans following NatWest's decision to withdraw from the Republic of Ireland. Business • 19 Feb 21
Govt engages with banks on further repayment breaks The Government is engaging with the banking sector to ensure borrowers who need loan repayment breaks as a result of the further increase in Covid-19 Level 5 restrictions get them. Business • 06 Jan 21
Govt engages with banks on further repayment breaks The Government is engaging with the banking sector to ensure borrowers who need loan repayment breaks as a result of the further increase in Covid-19 Level 5 restrictions get them. Business • 06 Jan 21
Household deposits at record €124 billion in November New Central Bank figures show that Irish consumers continued to save in November as the impact of Covid-19 continued to hit people's chances and willingness to spend. Business • 06 Jan 21
Household deposits at record €124 billion in November New Central Bank figures show that Irish consumers continued to save in November as the impact of Covid-19 continued to hit people's chances and willingness to spend. Business • 06 Jan 21
Linked Finance approved as Covid credit scheme lender Peer-to-peer lending platform Linked Finance has been approved as a lender for the Government's Covid-19 Credit Guarantee Scheme (CCGS). Business • 05 Jan 21
Linked Finance approved as Covid credit scheme lender Peer-to-peer lending platform Linked Finance has been approved as a lender for the Government's Covid-19 Credit Guarantee Scheme (CCGS). Business • 05 Jan 21
Loans to SMEs see biggest drop since 2011 - bank Loans to small and medium sized businesses have fallen by their biggest amount since the low point of the last recession, new Central Bank figures show. Business • 09 Dec 20
Loans to SMEs see biggest drop since 2011 - bank Loans to small and medium sized businesses have fallen by their biggest amount since the low point of the last recession, new Central Bank figures show. Business • 09 Dec 20
Deposits in Irish banks hit record high - Central Bank Deposits by households paid into Irish banks and financial institutions are now at their highest level since records began. Business • 30 Nov 20
Deposits in Irish banks hit record high - Central Bank Deposits by households paid into Irish banks and financial institutions are now at their highest level since records began. Business • 30 Nov 20
Rate of lending falls for first time since 2017 The rate of lending by Irish banks to households and businesses has fallen on an annual basis for the first time since 2017. This means people and businesses are borrowing less and repaying loans and saving more. Business • 31 Aug 20
Rate of lending falls for first time since 2017 The rate of lending by Irish banks to households and businesses has fallen on an annual basis for the first time since 2017. This means people and businesses are borrowing less and repaying loans and saving more. Business • 31 Aug 20
Microfinance Ireland opens new €15m Covid-19 fund State-backed fund Microfinance Ireland has opened its new €15 million Covid-19 fund to support small businesses through the current period of uncertainty and to protect jobs that have been impacted by the coronavirus pandemic here. Business • 31 Aug 20
Microfinance Ireland opens new €15m Covid-19 fund State-backed fund Microfinance Ireland has opened its new €15 million Covid-19 fund to support small businesses through the current period of uncertainty and to protect jobs that have been impacted by the coronavirus pandemic here. Business • 31 Aug 20
New mortgage lending fell by record amount in May The volume of new mortgages agreed with banks in May amounted to €377 million, which represented a drop of 48%, according to figures released by the Central Bank today. Business • 10 Jul 20
New mortgage lending fell by record amount in May The volume of new mortgages agreed with banks in May amounted to €377 million, which represented a drop of 48%, according to figures released by the Central Bank today. Business • 10 Jul 20
