CSA CEO appointed to FENCA board

27th June 2022 Appointments |

Chris Leslie, Chief Executive of the Credit Services Association (CSA), the UK trade body for debt collection and debt purchase, has been elected to the board of the Federation of European National Collections Association (FENCA) today at the Associations Annual General Meeting (AGM) in Berlin. FENCA represents the interests of the European credit management, debt…

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Arrow Ireland appoints new Director of Asset Management

European investor and alternative asset manager in credit and real estate, Arrow Global has announced the appointment of Seamus Corbett as Director of Asset Management to its Dublin-headquartered Mars Capital Finance. Corbett has over 20 years of experience in Banking and Servicing in Ireland, joining Mars from BCM Global where he held a similar senior…

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4,500 Irish companies saved from going bust during pandemic

Irish Government pandemic support has saved at least 4,500 Irish companies from going bust according to research by PwC.  The figures represent an average of 50 companies saved every week during the pandemic. PwC examined 18,000 business failures over the past 17 years and measured the correlation between key economic indicators and other trends with…

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Irish rural, low-income households experiencing larger cost of living increases from higher inflation

The Central Bank of Ireland has published an Economic Letter, “Household Characteristics, Irish inflation, and the cost of living”, authored by Reamonn Lydon. The Letter presents data on how inflation levels differ across household types and outlines a number of findings of relevance to policymakers. Current Central Bank inflation projections indicate that inflation will average…

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Arrow Ireland appoints Chief Operating Officer and Head of Internal Audit

23rd February 2022 Appointments | #appointments

European investor and alternative asset manager in credit and real estate Arrow Global has announced the appointment of Fiona O’Sullivan, Head of Internal Audit, and Martin Dowdall, Chief Operating Officer, to Dublin-headquartered Mars Capital Finance. Joining Mars Capital’s Irish senior leadership team, O’Sullivan brings over 10 years’ experience as a Chartered Accountant across Practice, External…

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Almost two-thirds of Irish SMEs find it difficult to access credit

Almost two-thirds (63%) of Irish SMEs are finding it difficult to access credit, creating a barrier to economic recovery according to figures from the latest quarterly Linked Finance SME Confidence Index, based on research conducted by Behaviours & Attitudes. Even with increased support for Irish SME businesses throughout the pandemic via payment breaks and loan…

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Judgments against Irish businesses increase by 5%

21st January 2022 Global | #ireland debt judgments

The number of judgments registered against Irish consumers saw a small increase in 2021 compared to 2020, figures released by registrar Irish Judgments show. Judgments against Irish businesses saw a small increase of five percent, from 455 in 2020 to 476 in 2021. The total value owed in 2021 was €12.6 million, nearly double the…

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Irish debt judgments against consumers fall by 2%

20th January 2022 Credit and Collections | #ireland

The number of judgments registered against Irish consumers saw a small fall in 2021 compared to 2020, figures released by registrar Irish Judgments show. The number of judgments registered against Irish consumers in 2021 was 912, a fall of two percent on the 930 seen in 2020. However, the total value of consumer judgments registered…

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Consumers expect to take on additional debt over Christmas period

20th December 2021 Arrears and Recoveries | #debt

One in four consumers expects to take on additional debt at Christmas, according to Intrum’s annual consumer report conducted in 24 European countries. Although households with families are more likely to take on debt to pay for food and presents than the average consumer, the age group being most likely to do so is Generation…

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Western Europe’s overdue payments amount to 53% of total value of invoices

New research by credit insurer, Atradius has highlighted increasing insolvency risks in customer markets within Western Europe. The report has indicated that for Western Europe as a whole, overdue payments amounted to 53% of the total value of invoices, an increase on last year’s 47%. The percentage of write-offs increased from 7% to 10% of…

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Credit & Collections Technology Awards announces 2021 winners

5th November 2021 Arrears and Recoveries | #innovation

The winners of the 2021 Credit & Collection Technology Awards have been announced following a live in-person event yesterday (Thursday 4th November) at the Midland Hotel in Manchester. The awards are the flagship event for innovational technological professionals working in credit and collections and the fifth annual event honoured the UK’s technological innovators, celebrating outstanding…

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KBC Bank Ireland confirms debt sale to Bank of Ireland

25th October 2021 Consumer Collections |

KBC Bank Ireland has confirmed the sale of all of its performing loan assets and liabilities to Bank of Ireland Group. Bank of Ireland has agreed to buy practically all of KBC’s performing assets after the Belgian financial group confirmed it would leave the Irish market. KBC Bank Ireland had entered into a Memorandum of Understanding…

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Judgments against Irish consumers see large rises

20th October 2021 Consumer Collections |

The number and total value of judgments registered against Irish consumers saw large rises in Q3 2021 compared to the same quarter last year, figures released by registrar Irish Judgments show. The number of judgments registered against Irish consumers in Q3 2021 was 233, an increase of 85 percent on the 126 seen in the…

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