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Irish banks are expecting the 'biggest ever decrease' in the demand for mortgages and consumer loans

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

Niall Dorrian, CEO of Linked Finance, said the company's new loan product is unique in the Irish market

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 refusual rates rose to 36% from 24%, the latest ISME Bank Watch survey shows

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 year.

Business • 20 Jun 18

Goldman is carrying out due diligence on the portfolio known as Project Redwood as part of a potential joint bid, Bloomberg reports

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

Credit Union members' savings have increased by €2.3 billion since 2012

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 of loan arrears, pressures remain on their business model.

Business • 18 Dec 17

Greece needs new loans under its current €86 billion bailout programme to pay debt due this month

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 a statement.

Business • 07 Jul 17

Some euro zone banks are "in denial" about their problems with unpaid loans, says the ECB's Daniele Nouy

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

Euro zone household lending growing strongly

Lending to euro zone households grew at its fastest pace since late 2010 last month but corporate lending unexpectedly slowed, fresh data from the European Central Bank showed today.

Business • 27 Mar 17

Finance Minister Michael Noonan has said that before 2014, NAMA did not keep a record of its private sales

NAMA has sold €800m worth of loans in private deals

The National Asset Management Agency has sold almost €800m of loans in private deals, or off market transactions, instead of selling them in the open market since January 2014.

Business • 22 Mar 17

Lending to companies grew by 1.9% year-on-year in September, new euro zone figures show

Euro zone lending growth levels off - ECB

Growth in loans to euro zone companies and households is levelling off, European Central bank data showed today.

Business • 27 Oct 16

Central Bank figures show that loans to households fell by 3.1% last month

Banks hold €7 billion more in deposits than loans

New figures from the Central Bank show that loans to households decreased by 3.1% in August compared with to the same time last year.

Business • 30 Sep 16

Sources say that bids for Project Gem will be sought towards the end of the year

NAMA planning €4 billion property loan sale

The National Asset Management Agency plans to sell property loans with a face value of about €4 billion, two people with knowledge of the matter have told Bloomberg.

Business • 22 Jul 16

AIB issues trading statement for its AGM today

AIB rejects Central Bank 'protection' claims

AIB bosses have today rejected suggestions that the bank was being protected from enhanced competition in the market by the Central Bank.

Business • 24 May 16

First Citizen Finance is offering a new €50m fund for Irish agri-business SMEs

€50m in new lower-cost funding for agri-business

The Strategic Banking Corporation of Ireland has today announced a sixth lending partner to offer its finance to Irish SMEs.

Business • 29 Apr 16

Tullow says production at its flagship Jubilee oil field in Ghana would resume in the coming days

Tullow Oil reduces capital spending again

Exploration company Tullow Oil has reduced its annual capital expenditure budget by another $100m to $1 billion and may cut spending further as it adjusts its balance sheet to weak oil prices.

Business • 28 Apr 16

Euro zone banks tightened their standards for granting home mortgages, ECB's latest survey shows

ECB's money printing has small impact on lending

Europe's battered financial sector is showing further signs of mending and banks are increasingly competing for custom by easing credit standards, a key European Central Bank survey showed today.

Business • 19 Apr 16

ISME's Chief Executive Mark Fielding says more needs to be done to help SMEs get credit

Bank credit refusal rates improve slightly - ISME

ISME's latest quarterly Bank Watch survey finds that 43% of its members that approached banks for credit between December and February were refused.

Business • 07 Mar 16

Rabobank's loan book shrank by €3.5 billion to €426.2 billion in 2015

Rabobank earnings rise on fall in loan provisions

Rabobank, the Dutch co-operative banking group and a major lender to the international agriculture sector, today reported a 20% rise in 2015 net profit to €2.21 billion in a rebounding Dutch economy.

Business • 18 Feb 16

Microfinance Ireland was set up to provide unsecured loans of between €2,000-€25,000 to firms with fewer than 10 staff

MFI approved record number of loans last year

Microfinance Ireland approved €5.4m worth of loans to a total of 357 businesses last year.

Business • 04 Feb 16

Germany's Volkswagen faces multi-billion fines over an emissions scandal at the company

European Investment Bank puts loans to VW on hold

The European Investment Bank has stopped loans to Volkswagen pending an investigation into whether some of its previous funding could been used by the company to cheat diesel emissions tests.

Business • 14 Jan 16

Approved loans rose 1.3% from a year ago, compared to a growth of 1% in October, the ECB said

Private sector loans growing in euro zone - ECB

The volume of loans to the private sector in the euro area expanded in November, with a bigger bounce recorded than the previous month, new European Central Bank data shows.

Business • 30 Dec 15

Central Bank figures show that Irish household loan repayments exceeded draw-downs by €253m last month

Loans for mortgages down 2.4% in October - bank

New figures from the Central Bank show that loans given out to Irish households fell by 2.5% year on year in October.

Business • 30 Nov 15

Nationwide said its gross mortgage lending rose 14% to £14.9 billion in the six months to September

Nationwide profits jump 27% on record home lending

Britain's biggest customer-owned lender Nationwide said today its profits jumped by more than a quarter in its latest six months.

Business • 20 Nov 15

Bank of Ireland seeing 'favourable' conditions in Ireland and the UK

Bank of Ireland trading in line with expectations

Bank of Ireland has said it continues to trade in line with expectations with good momentum across all of its businesses both in Ireland and internationally.

Business • 05 Nov 15