AIB sells €400m non-performing loan portfolio AIB has sold a non-performing loan portfolio in long-term default to Everyday Finance, part of a consortium that includes Everyday, affiliates of Cerberus Capital Management … Business • 21 Jun 22
AIB to sell over 2,000 non-performing loans to Mars AIB is to sell 2,150 non-performing loans in long-term default to Mars Capital Finance Ireland, as part of a consortium that includes Ellington Management Group. Business • 14 Oct 21
Bank of Ireland moves on non-performing loan portfolio Bank of Ireland said today it had agreed a securitisation of a portfolio of non-performing Irish mortgages. Business • 18 Jun 21
Banks' non-performing loans to rise as supports end Irish banks' non-performing loans will increase in the coming quarters as support measures for borrowers during the Covid-19 pandemic come to an end, new research … Business • 18 Mar 21
AIB sells €600m of non-performing loans to Mars AIB is to sell 4,000 non-performing mortgage loans to Mars Capital Finance, the majority of which are held by owner-occupier customers. Business • 19 Feb 21
Permanent TSB keeping mortgage rates under review The chief executive of Permanent TSB has said the bank is keeping its mortgage pricing under constant review, but made no commitment on reducing rates … Business • 26 Feb 20
Permanent TSB's non-performing loans ratio now below 7% Permanent TSB says the proportion of non-performing loans on its books has reduced to below 7% following recent loan sales from a peak of 28%. Business • 06 Nov 19
Level of SMEs' bad loans continue to fall New figures from the Central Bank show that the level of non-performing loans among the country's SMEs continue to fall. Business • 17 Oct 19
Permanent TSB sells NPL portfolio to Lone Star's Start Permanent TSB has agreed to sell another portfolio of non-performing loans to retail credit firm Start Mortgages, in co-operation with LSF Irish Holdings. Business • 12 Sep 19
BPFI defends sale of non-performing loans to funds New research has been published by the banking industry here which aims to address what it says are false claims made about the sale of … Business • 06 Sep 19
AIB takes charge of €131m as H1 pre-tax profits fall AIB has reported pre-tax profits - including exceptionals - of €436m for the six months to the end of June - a fall of more … Business • 26 Jul 19
Permanent TSB reports positive trends in first quarter Permanent TSB has said its total new lending volumes rose by 25% in the first quarter of 2019, as it continues to trade in line … Business • 09 May 19
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
Permanent TSB CEO defends changes to 'legacy' accounts The chief executive of Permanent TSB has defended changes the bank has made to charges on old current accounts. Business • 09 Apr 19
AIB to sell €1 billion non-performing loan portfolio AIB has agreed a deal to sell a €1 billion portfolio of non-performing loans to Everyday Finance, as part of a consortium with Everyday and … Business • 01 Apr 19
Permanent TSB profits up 45% on increased market share Permanent TSB has reported a 45% jump in pre-tax profits, before exceptionals, for 2018 as its total new lending volumes increased by over 40%. Business • 27 Feb 19
Project Glas sale 'least worst alternative' - Masding The chief executive of Permanent TSB has told the Oireachtas Finance Committee that loan sales are a legitimate tool for banks to use to reduce … Business • 11 Oct 18
ECB sees easier credit for euro zone firms, households Euro zone banks reported offering firms and households easier access to credit and more generous repayment terms between April and June, a quarterly European Central … Business • 24 Jul 18
2-3 years to get housing supply ahead of demand - Byrne The chief executive of AIB has said that all impacted tracker mortgage customers across more than 30 individual groupings have been identified, contacted and restored … Business • 21 Jun 18
AIB in deal to sell non-performing loan portfolio AIB has agreed a deal to sell a €1.1 billion portfolio of non-performing loans to a consortium led by distressed debt fund Cerberus. Business • 17 May 18
ECB mulls shelving rules tackling euro zone's bad loans The European Central Bank, after suffering a political backlash, is considering shelving planned rules that would have forced banks to set aside more money against … Business • 24 Apr 18
So, a vulture fund bought your mortgage, what's next? There has been plenty of focus on so-called vulture funds since they entered the Irish market following the financial crisis, but a decade on and … Your Money • 07 Aug 18
S&P's says banks still not back to 'business as usual' Rating agency Standard and Poor's has said that while the country's banks are rebuilding their creditworthiness, they are still not back to "business as usual". Business • 26 Mar 18
AIB 'does not need to sell its restructured loans' A senior executive at AIB has told the Oireachtas Finance Committee that the bank does not need to sell its restructured loans. Business • 22 Mar 18
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 … Business • 22 Mar 18
