Personal loans soar to record level in second quarter
Banking and Payments Federation Ireland figures show more than 60,000 drawdowns valued at €641m between April and June
Banking And Payments Federation Ireland
Microsoft’s plan to add 550 new roles at its Irish operation
The best news, analysis and comment from The Irish Times business desk
Sharp drop in productivity across Irish construction and accommodation
In its SME Monitor report, Banking and Payments Federation Ireland calls for long-term investment strategy for SME sector
Mortgage drawdowns climb 1.4% in third quarter
Banking industry figures show more than 7,000 first-time buyer mortgages were drawn down in three months to the end of September
New phone scam conning Irish customers out of as much as €8,000, says banking industry body
Banking and Payments Federation of Ireland launches campaign to highlight risks from text message fraud
BPFI plans consumer campaign on mortgage switching as rates fall
Banks lobby group to roll out major nationwide information and awareness campaign to encourage customers to look at options
Smartphone now king of retail payments - over half of contactless transactions made with mobiles
More than 1.4bn contactless payments made for goods and services in first half of this year
Increase in mortgage approvals continues in August as switching activity picks up
First-time buyers continue to drive activity in the market, representing 62% of approvals since August 2023
Raising a deposit, mortgage approval and bidding: buying a first home is like the Hunger Games
A mortgage is a commitment that will shape your finances for decades. Here are the factors to think about before signing on the dotted line
One in eight home buyers using gifts or inheritances to get on property ladder, research shows
Banking and Payments Federation of Ireland finds renewed reliance on family to afford a homes
More than €44m laundered through money mule accounts in three years
Amounts moved typically ranged between €5,000 and €10,000 per case according to FraudSmart
Mortgage approvals rebound in July as first-time buyers drive activity
Approvals rose 18.6% in the month, supported by revival in loan-switching activity as some homeowners reach end of fixed-rate periods
‘Tell me Mr Conor, do you have any questions?’ A scammer calls Pricewatch
Fraudsters stole almost €100 million from Irish consumers last year – an increase of 16 per cent on 2022
AIB reports annual jump in card spending as customers flock to France
But pub and restaurant spending slumps amid ongoing consumer pullback
Average green loan more than twice as big as regular personal loan, BPFI says
Car loans hit highest level on record
GAA club buys prime site for playing field beside Dunnes Stores’ Cornelscourt complex in south Dublin
The best news, analysis and comment from The Irish Times business desk
Mortgage loan approvals fell in June, banking & payments federation figures show
First-time buyer drawdowns reach highest second-quarter level since 2007, says industry body
SuperValu customers hit by contactless payment glitch
Tech problem leaves stores unable to accept card payments
Spotlight on Central Bank’s vetting process should lower risk of groupthink
Over more than a decade, the regulator has received 50,000 applications to approve individuals for key positions, approving 11,000 in the past four years alone
Irish SMEs duped out of nearly €10m by email scams in 2023
Banking and Payments Federation of Ireland says majority of cases are invoice redirection scams where fraudsters impersonate trusted suppliers
Who is buying a home in Ireland today? The changing profile of first-time buyers
First-time buyers are getting older, buying smaller homes and are not necessarily in a couple. Some urban areas other than Dublin are seeing relatively low activity
Mover mortgage approvals decline in May amid shortage of second-hand homes
Activity levels among first-time buyers remain ‘robust’ despite annual decline in approvals, says BPFI
More workers may be needed to finish house builds, says banking group
Construction activity has risen sharply in 2024 but ‘increased labour capacity’ may be required to keep delivery of units in line with commencements
Half of Irish workers would refuse job offers with no option to work from home, research finds
Study suggests hybrid working is more important to employees in Republic than their global counterparts
First-time buyers looking further afield for homes amid stiff competition, BPFI research says
Nearly a quarter of all first-time buyers borrowed against a property in a different county last year
State must be ‘welcoming’ to foreign investors to meet €20bn housing cost, Minister says
Government is targeting 50,000 homes a year, says Michael McGrath
Banks warn of pressure to cut mortgage rates following ECB interest rate cut
Close to 200,000 homeowners are set to benefit from the ECB rate cut of 0.25 percentage points immediately
Top tips to avoid being scammed when you are on holiday
More than €100m was swiped from consumers in Ireland in various frauds and scams last year, according to data from the BPFI
Without a functioning capital market, Europe’s decline will continue
The opportunity costs of not having large and liquid EU capital markets are stark
Holidaymakers warned over complex scams after almost €100m stolen last year
Many at risk of being enticed by ‘unbelievable’ holiday deals and letting guard down when out of regular routines and environments, says banking federation
Mortgage approvals rise 14% in April with first-time buyer loans growing fastest
Value of mortgages increases 18% year-on-year as data hints at ‘positive pipeline’ for first-time buyers, says BPFI
Finance union chief calls for ‘pause’ on bank branch closures for five years
Call at Financial Services Union conference in Belfast is to give time to consider future of branch banking
Number of ‘green’ personal loans jumped over 90%, say banks
Average green loan had a value of more than €21,600 in the fourth quarter of 2023, industry figures show
Mortgage drawdowns decline amid shortage of second-hand homes for sale
A decline in mortgage switching activity is ‘largely’ to blame for drop-off in approvals, says BPFI
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