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
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
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 … Business • 25 Mar
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 … 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. … 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
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 … 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 … 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 … 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
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 … 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
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 … 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 … 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 … Business • 10 Jul 20
62% of credit unions offer payment holidays amid crisis 62% of credit unions have introduced payment holidays as a result of the Covid-19 crisis, a new survey of credit union CEOs and managers across … Business • 06 Jul 20
Banks predict biggest ever fall in demand for loans Irish banks expect the "biggest ever decrease" in the demand for mortgages and consumer loans as a result of the impact of the Covid-19 pandemic. Business • 14 May 20
Linked Finance launches new 5-year business loans Peer-to-peer lending platform Linked Finance has launched a five-year unsecured business loan for Irish SMEs, with rates starting at 7.95%. Business • 27 Jan 20
Some credit unions put a cap on members' savings Some credit unions have placed restrictions on the levels of savings their members can have in an effort to manage their balance sheets. Business • 13 Jun 19
Loan refusal rates increase from 24% to 36% - ISME A new survey reveals a significant increase in the level of loan refusals to small and medium sized companies in the second quarter of this … Business • 20 Jun 18
AIB loan sale said to be drawing Goldman Sachs interest AIB Group's sale of loans once valued at about €3.75 billion is drawing interest from potential bidders including Goldman Sachs, according to reports from Bloomberg. Business • 11 Jan 18
Despite growth in lending, credit unions under pressure A new report on the credit union sector from the Central Bank shows that despite growth in new lending and a decrease in the level … Business • 18 Dec 17
ESM to release €8.5 billion tranche of Greece bailout The European Stability Mechanism has today approved the release of a third tranche of bailout funds to Greece worth €8.5 billion, the ESM said in … Business • 07 Jul 17
Some euro zone banks 'in denial' about bad loans - Nouy Some euro zone banks are "in denial" about their problems with unpaid loans, the European Central Bank's chief supervisor has said. Business • 19 May 17
