The head of Ireland’s debt management agency has issued a stark warning about the country’s indebtedness, saying the bank stakes should be sold down sooner rather than later. National Treasury Management Agency (NTMA). Chief Executive Conor O’Kelly said that we are reaching the peak of the investment cycle and the risk of a material fall…

Callcredit has launched a new and unique multi-bureau data solution in Ireland. Recently acquired by TransUnion, which has offices in Cork, Callcredit is already partnering with leading Irish businesses to help them make more informed assessments of consumers’ affordability and risk when it comes to providing credit. Combining data from multiple sources, including the Irish…

The Irish Central Bank has released its latest money and banking statistics for May 2018 indicating that loans to households for consumption purposes grew by 1.2 per cent in the year to end-May. Other highlights from the report include: · Loans to households, adjusted for loan sales and securitisations, declined by 1.6 per cent in…

Ireland’s Central Bank has fined St Canice’s Kilkenny Credit Union €210,000 and reprimanded it for eight breaches of the Credit Union Act following an investigation.   The breaches have been admitted by the firm and the enforcement action has been concluded by way of settlement agreement between the parties. The Central Bank’s investigation found governance and…

Ireland’s Central Bank has published its latest mortgage arrears statistics from Quarter 1 of 2018. Highlights include: The number of mortgage accounts for principal dwelling houses (PDHs) in arrears over 90 days continued to decline in Q1 2018, marking the eighteenth consecutive quarter of a fall in the number of accounts in this category. While the…

The latest credit and debit and credit card statistics have been released by Ireland’s Central Bank. The statistics indicate that debit card Point of Sale (PoS) transactions in March 2018 were €2.9 billion, 5percentt higher than the same month in 2017. Debit card PoS transactions accounted for 55 per cent of gross new transactions on…

New research by Intrum suggests that GDPR is unknown to more than one out of four European businesses. The report shows that 27 percent of all businesses in Europe state that they have not heard of GDPR. The report also indicates that every eight (12 %) large corporation, defined as companies with more than 250 employees,…

Ireland’s Central Bank has released its latest money and banking statistics for March 2018. The figures show that lending for house purchase increased by €184 million.  This represents the fifth consecutive month of positive annual growth. Other highlights include: Developments in Household credit and deposits Loans to households, adjusted for loan sales and securitisations, declined…

The total value of consumer debt judgments registered in the Republic of Ireland topped €100m in Quarter 1 of 2018, for the first time during a single quarter since Q3 2015, according to figures released today by Registry Trust. Four hundred and seventy-one judgments were issued against consumers during the first quarter of the year,…

The Irish Central Bank has published its April update on the Tracker Mortgage Examination, showing that, at end-March, banks and smaller lenders had paid out €459 million to customers affected by their failings. This is an increase of €162 million since the December update on the Examination. The update also showed that an additional 3,400…

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