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IMF says Ireland can pay back its loans to the Fund early to avoid paying high interest rates

IMF says Ireland can repay loans early

The International Monetary Fund has said Ireland can pay back its loans to the Fund early to avoid paying high interest rates and surcharges.

Business • 12 Aug 14

Wells Fargo reports profits of $5.7 billion for second quarter

Wells Fargo earnings edge up on higher loans

Wells Fargo has reported slightly higher earnings as loan and deposit growth offset the effects of lower revenues from leading mortgage categories.

Business • 11 Jul 14

Up to €1 trillion could be borrowed by euro zone banks in total, ECB President Mario Draghi has said

How does the ECB's four-year loan scheme work?

The ECB will start giving banks the opportunity to borrow four-year loans at ultra-cheap rates from September to encourage them to lend more freely to the euro zone's real economy.

Business • 04 Jul 14

The Central Bank notes that loan demand from SMEs for credit is beginning to pick up

One in four SME loans in default - Central Bank

One in four loans to small and medium enterprises in Ireland is in default, according to new Central Bank data.

Business • 26 Jun 14

AIB says legal letters resulted in 'engagement'

Half of the 6,600 legal letters sent out by AIB to borrowers in arrears of 90 days or more have resulted in engagement with the bank by the borrowers.

Business • 19 Jun 14

AIB reports a significant reduction in impairment charges

AIB returns to profitability in first quarter

AIB said it had returned to profitability during the first quarter of 2014 on the back of continued income growth and further cost cuts.

Business • 12 May 14

Loans are more easily available, latest ECB survey shows

Banks show signs of relaxing loan conditions - ECB

Europe's financial sector is showing further signs of healing and conditions for bank loans are stabilising while demand for loans is picking up, a key ECB survey shows.

Business • 30 Apr 14

Proceeds from the sale of loans to date enough to repay IBRC's €12.9 billion debt to NAMA

Noonan tells IBRC to sell off rest of its loans

The National Asset Management Agency will no longer be required to take on any loans previously due to the Irish Bank Resolution Corporation.

Business • 25 Apr 14

The Central Bank has set targets for the banks to restructure non-performing loans to SMEs

AIB & BoI meeting SME loan restructure targets

AIB and Bank of Ireland have met the latest in a series of targets set by the Central Bank to restructure loans to small and medium firms in arrears.

Business • 01 Apr 14

NAMA CEO Brendan McDonagh described agency as the 'largest work-out organisation ever'

NAMA's €4.5 billion of assets for sale in Ireland

NAMA's CEO has told an audience in London that the organisation has €4.5 billion of loan and property assets for sale on the island of Ireland.

Business • 22 Mar 14

A total of €1.6 billion in credit union loans was taken out in the nine months to September

Fewer credit union loans being taken out

People are still joining credit unions but existing members are taking out fewer loans and members are continuing to pay down debt.

Business • 17 Dec 13

UK's Financial Conduct Authority will oversee the consumer credit market including payday firms from next April

UK payday lenders told to make checks

UK payday lenders will be forced to carry out affordability checks and will only be able to roll over loans twice under plans for a clampdown announced by the City regulator.

Business • 03 Oct 13

Central Bank notes decrease in loans for house purchases in July

Loans to households fall by 4.4% in July

Loans to households fell by an annual 4.4% in July, the same rate of decrease as in the previous month.

Business • 30 Aug 13

Capita Asset Services secures new NAMA contract

Capita appointed as servicer to NAMA loans

Capita Asset Services has secured a new contract with NAMA, which will result in the creation of new jobs.

Business • 13 Aug 13

The ECB faces pressure to do more on dwindling credit

Euro zone loans to private sector shrink in June

Loans to the euro zone's private sector shrank by more than expected in June, starving the economy of the funds needed to sustain recovery and piling pressure on the European Central Bank to take fresh action.

Business • 25 Jul 13

Central Bank figures show decline in lending for mortgages in May

Lending to households down 4.5% in May

New figures from the Central Bank show that loans to households fell by 4.5% in May on an annual basis.

Business • 28 Jun 13

The IMF has now released its final tranche of loans to Ireland

Bad loans hindering new lending - IMF

Ireland must deal with the large number bad loans which are hindering new lending as it aims for economic and employment growth, according to the International Monetary Fund.

Business • 18 Jun 13

The board of the Irish League of Credit Unions not happy with Central Bank plan

Credit unions reject Central Bank plan

The board of the Irish League of Credit Unions voted unanimously to reject a new pilot scheme aimed at easing the burden of distressed borrowers.

Business • 13 May 13

The interest rate on house loans is steady at around 3%

Lower interest rates on Irish mortgages

Irish mortgage holders continue to pay significantly lower interest on their loans than the Euro area average.

Business • 10 May 13

Eurogroup head Jeroen Dijsselbloem addressed the Cork conference

Dijsselbloem hopeful on more time for Irish loans

Dutch Finance Minister Jeroen Dijsselbloem has said he hopes an agreement will be reached by EU finance ministers tomorrow to give Ireland more time to repay its bailout loans.

Business • 11 Apr 13

John Trethowan said 50% of appeals by SMEs had been upheld

1,100 jobs 'saved' by Credit Review Office rulings

The Credit Review Office has saved 1,100 jobs since it was established, an Oireachtas Comittee has heard.

Business • 20 Feb 13

Banks' emergency borrowings at two-year low

Irish banks' reliance on emergency funding fell to its lowest level in more than two years in November with outstanding loans of €116 billion.

Business • 14 Dec 12

ISME calls for more action on bank lending

The Irish Small and Medium Enterprises Association has called on the Government to investigate the ''inordinate delays'' in getting a decision on bank loans for SMEs.

Business • 10 Dec 12

Banks' reliance on ECB little changed in September

Banks' reliance on emergency funding was little changed last month with outstanding loans of €120 billion, new figures from the Central Bank reveal.

Business • 12 Oct 12

Credit review led to €9.6m extra in loans

The office that reviews lending by AIB and Bank of Ireland to small and medium business says it has overturned 96 cases where banks refused credit.

Business • 08 Oct 12