Credit, Collections & Insolvency News
The Central Bank of Ireland has published its latest quarterly bulletin showing that household debt as a proportion of disposable income has fallen by 79.2 percentage points since its peak in Q3 2011. The latest statistics also show: Irish household debt as a proportion of disposable income fell by 9.7 percentage points over the year…
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Latest Irish residential mortgage arrears & repossessions have shown that mortgage arrears have continued to fall according to latest statistics released by the Central Bank of Ireland in Q2 2018. The number of accounts in arrears over 720 days continued to fall, and Q2 2018 marked the twelfth consecutive decline. Accounts in arrears over 720…
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The Central Bank of Ireland’s latest money and banking latest statistics from July 2018 indicate that loans to households for house purchase increased by €63 million on a net basis in July. The annual growth rate continues to trend upwards, rising to 0.8 per cent in July, representing the ninth consecutive month of positive growth.…
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Debt Purchaser, Intrum has announced that it is reorganising its regional structure combining Spain, Portugal and its newly acquired unit in Brazil, communicated in the Interim Report 24thof July, into a new region to be called – Iberian Peninsula and Latin America. The new Intrum region takes shape based on the strong cultural, historically and…
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The Central Bank of Ireland had released its latest credit and debit card statistics for Q2 2018. The figures show that the total number of debit cards in issue rose to over 5 million in June 2018, the highest number since the series began in January 2015, although approximately 685,000 of these debit cards are not…
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Vasileios Madouros has been announced as the Central Bank’s Director of Financial Stability. Announcing the appointment, Deputy Governor Sharon Donnery said: “I am delighted to announce Vasileios as the Central Bank’s new Director of Financial Stability. He brings extensive experience in risk assessment, the development and implementation of macroprudential policy, and stress-testing. His technical knowledge…
Read moreThree Irish Credit Unions in South Dublin have announced that they will merge in a move that will create one of the top 10 community lenders by size. The merger of Capital, Francis Street and St Kevin’s has been ratified and means that the new combined entity will have 48,000 members. Capital has already taken over…
Read moreThe formal launch of the new Republic of Ireland Branch of the Chartered Institute of Credit Management (CICM) will take place at Croke Park on 17th September. The day will commence with a best practice conference featuring topics such how the CICM will support credit managers in the country, the role of Artificial Intelligence and…
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Irish bank permanent tsb (PTSB) has announced that it has agreed to sell a Non-Performing Loan (NPL/) portfolio to retail credit firm Start Mortgages DAC supported by LSF Irish Holdings 97 DAC, both affiliates of the Lone Star Funds. Start Mortgages has been authorised by the Central Bank of Ireland since November 2008 and will become the…
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The number of business debt judgments registered in the Republic of Ireland has decreased, according to the latest figures released by Registry Trust. A decrease in the volume of business judgments, coupled with a 16 percent drop in the average judgment’s value led to a 39 percent fall in the total value of business judgments. The…
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The number of consumer debt judgments registered in the Republic of Ireland fell to the lowest total since modern records began in 2008, during the first half of the year, according to figures released today by Registry Trust. Nine hundred and thirty judgments were issued against consumers during Q1 and Q2 2018, 17 percent fewer…
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The Central Bank of Ireland has publishised its third report on the financial condition of the credit union sector. Data focuses on trends in the period 31 March 2013 to 31 March 2018, including analysis by credit union asset size and common bond type. The primary focus of this publication is to provide analysis of data…
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The Central Bank of Ireland has published the Behaviour and Culture Report into the five main Irish retail banks – AIB Group, Bank of Ireland Group, permanent tsb, Ulster Bank Ireland and KBC Bank Ireland. The report, involving reviews conducted by the Central Bank in collaboration with the Dutch Central Bank (De Nederlandsche Bank –…
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