Irish Household Loans Fall, Deposits Rise
Lending to Irish households has seen a major decline, as statistics have shown with regards to the October just passed. The Central Bank’s money and banking statistics have indicated that there has been an overall drop of €514 million, following a fall of €88 million in September. The Central Bank has stated that the situation as seen [...]
read morePersonal Insolvency Bill To Pass Through Parliament
Next month new bankruptcy legislation will is due to be passed by the Irish parliament. The hugely important new bill looks set drag Ireland’s laws insolvency kicking and screaming into the 21st century, creating a vital escape route for struggling debtors.
read moreAIB Approving 7 out of 10 Mortgage Applications
AIB has announced they are currently approving 7 in 10 new mortgage loan applications. This year AIB agreed to commit to providing new mortgage lending of at least one billion Euros. In their statement they said they are already ahead of this target. The announcement is a good sign that banks in Ireland may be [...]
read moreBanks To Offer Help With Mortgage Debt
Following intense pressure from both The Central Bank and the Government, the banking sector in Ireland is finally putting strategies in place to deal with the thousands of customers who are in severe difficulties with their mortgage repayments. Five years after the value of houses collapsed many people find themselves in chronic mortgage arrears and [...]
read moreCouncil Bosses Alarmed as Borrowers Abandon Homes
Figures this week show Dublin householders are leaving council properties in droves. With more and more borrowers struggling to meet council mortgages and choosing instead to make interest-only repayments, 41 more householders are handing back their keys to the Council.
read moreNew Personal Insolvency Bill Reforms Bankruptcy Laws
Many of Ireland’s insolvency laws have been in effect for over 100 years, but all that is now coming to a close.
read moreECB Mortgage Rate Saving? Overpay Your Mortgage
Holders of tracker mortgages were advised to consider overpaying their mortgages after the European Central Bank lowered it’s key interest rate on Thursday. The reduction could see an extra €15 per month in the pockets of mortgage holders for every €100,000 outstanding on their mortgages.
read moreGovernment €90m Small Business Loans Scheme
The Irish government have announced a new €90m small business loan scheme to boost jobs and employment in Ireland.
read moreSpain seeks bailout loan
Spain has become the fourth country to seek a European bailout. Earlier bailouts have been given to Greece, Ireland and Portugal. The Bailout as agreed by European finance ministers’ amounts to €100bn. Spanish Prime Minister Mariano Rajoy welcomed the news saying the bailout had secured “the credibility of the euro”. The bailout was given after [...]
read moreIrish consumer loans down 8.4% in April
Figures just released by the Central Bank show that consumer lending took a fall in April.
read more