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KBC Bank Ireland said it granted a total of 6,843 payment breaks on mortgages and loans for personal and SME customers last year

KBC Bank Ireland posts net loss of €48m for 2020

KBC Bank Ireland has reported a net loss of €48m, after tax and impairment, for the year to the end of December on the back of the exceptional impairment loss recognised in the first half of the year due to the impact of Covid-19.

Business • 11 Feb 21

October was the busiest month for mortgage approvals since BPFI began compiling the numbers in 2011

Surge in mortgage approvals driven by first-time buyers

New figures from Banking and Payments Federation Ireland show that October was the busiest month for mortgage approvals since BPFI began compiling the numbers in 2011.

Business • 01 Dec 20

PTSB mortgage approvals reach 2020 high in September

Permanent TSB has today reported improved trading conditions in the third quarter compared to the second quarter and said its mortgage applications and approvals in September were the highest so far this year.

Business • 03 Nov 20

Ulster Bank, which is owned by NatWest, said its third quarter total income fell by 9.9% to €145m from €161m

Ulster Bank's parent says strategy remains unchanged

Ulster Bank (ROI) has reported an operating profit of €1m for the three months to the end of September, down from operating profits of €34m the same time last year.

Business • 30 Oct 20

AIB said it remains comfortable with its full year guidance

AIB says Q3 performance more resilient than expected

AIB said its performance in the third quarter was more resilient than it had expected with positive momentum reported on a quarterly basis.

Business • 30 Oct 20

Bank of Ireland Group CEO Francesca McDonagh

20,000 Bank of Ireland customers still on payment break

Bank of Ireland said that the three months to the end of September saw generally better trading conditions compared to the second quarter of 2020.

Business • 28 Oct 20

Derville Rowland, the Director General of Financial Conduct at the Central Bank

Suspected criminal activity found in CB tracker probe

The Director General of Financial Conduct at the Central Bank has said the bank has reported suspected criminal activity to An Garda Síochána arising from its tracker mortgage examination.

Business • 21 Oct 20

150,000 payment breaks were given to personal and business borrowers earlier this year after the introduction of Covid-19 restrictions

Banking industry pledges support, but no blanket breaks

The banking industry has said it will continue to support customers through to the end of the Covid-19 pandemic, but has stopped short of offering further blanket loan repayment breaks.

Business • 20 Oct 20

Existing arrears handling frameworks will apply to those coming off loan repayment breaks, according to Derville Rowland

Lenders must engage constructively on breaks warns CBI

The Director General of Financial Conduct at the Central Bank has warned lenders that they must engage constructively with borrowers coming off loan repayment breaks over the coming months.

Business • 30 Sep 20

Ed Sibley is the Deputy Governor of the Central Bank

Banks moving to tailored approach on payment breaks

The Deputy Governor of the Central Bank said that lenders are moving from the blanket, system wide pandemic supports that were given to virtually all borrowers, to a more individually tailored approach based on the individuals needs and circumstances.

Business • 29 Sep 20

A total of 56,792 mortgages are in some form of arrears, new Central Bank figures show.

Mortgages arrears steady as Covid breaks near end

There was a reduction of approximately 10% in the number of mortgage accounts in arrears during the three months from April to June, mainly due to the introduction of Covid-related payment breaks.

Business • 28 Sep 20

Paschal Donohoe said he would be asking the lenders to work hard to deal with customers on a case by case basis (Photo: RollingNews.ie)

Banks urged to show sensitivity on payment breaks

The Minister for Finance has said he will be asking the chief executives of the main banks here to demonstrate sensitivity and understanding to those whose loan and mortgage breaks are coming to an end.

Business • 25 Sep 20

Andrea Enria, Chair of the Supervisory Board of the European Central Bank

Payment breaks may need to be extended - ECB's Enria

With mortgage and loan payment breaks due to expire over the next few days, the man responsible for leading the supervision of banks across Europe has said financial institutions may have to consider extending breaks to their customers.

Business • 24 Sep 20

The main lenders put in place the option of payment breaks as the country entered a phase of severe restrictions aimed at preventing the spread of Covid-19

EBA says payment breaks will be phased out as planned

The European Banking Authority has confirmed that mortgage and loan payment breaks, offered to borrowers earlier this year, will be phased out from the end of this month as planned.

Business • 22 Sep 20

The Central Bank said 67,000 payment breaks covering €9.5 billion in loan balances were in place at the end of may

Payment breaks 'a major source of temporary relief'

The Central Bank has published an analysis of payment breaks taken by mortgage holders and firms which shows the overwhelming majority of borrowers had no problem servicing their loans prior to the Covid-19 pandemic.

Business • 15 Sep 20

60% of the payment breaks were made to households and 40% to businesses, new Central Bank data show

Almost 160,000 payment breaks approved for borrowers

New data from the Central Bank shows there have been 158,659 payment breaks approved for Irish borrowers by Irish retail banks, credit unions and credit servicing firms.

Business • 09 Jul 20

Up to 80,000 mortgage holders who got into difficulty during the pandemic have applied for payment breaks since mid-March

Banks should not profit from payment breaks - Taoiseach

Taoiseach Micheál Martin has told the Dáil that banks should not profit from the application of interest on mortgage holders who took a payment break during the Covid-19 crisis.

Business • 08 Jul 20

The European Banking Authority announces three month extension for payment breaks on bank loans and mortgages

EBA announces three month payment break extension

The European Banking Authority has announced a three month extension for payment breaks on bank loans and mortgages.

Business • 18 Jun 20

Banks have four weeks to inform the Central Bank of their plans to deal with the extension of the payment breaks

Central Bank wants details of payment break plans

The Central Bank has sent out letters to the chief executives of banks and the managers of credit unions setting out its expectations for the treatment of customers availing of Payment Breaks that were made available for those directly impacted by the fallout from Covid-19.

Business • 09 Jun 20

Payment Breaks