Ireland’s second largest bank AIB today revealed an enormous outflow of bank funds during the year, tripling its reliance on funding from the central bank.
Irish bailout loan announcement
NewsOfficals are currenty in talks with the ECB regarding an Irish bailout loan from Europe.
Mortgage debt forgiveness: is essential to Irish economic recovery
NewsA group of economist have written an article published in the Irish times today.
Third of Nationwide mortgages in arrears
NewsAccording to an article in the Irish Independent over a third of consumer mortgages from the Irish Nationwide Building Society have fallen into arrears.
Irish students may apply for UK student loans
NewsWould be students from Ireland who are studying, or intending to study in English universities from 2012 will have the opportunity to apply for UK student loans to pay for their tuition fees.Irish and oth
Irish banks should have taken out insurance on mortgages
NewsIrish banks did not take out mortgage indemnity insurance to protect themselves against losses on their mortgages, which in turn increased the cost to taxpayers of rescuing them, reported Irish Independent.
Increase in business maturity loans
NewsHousehold loans may have declined last month, however the Irish Central Bank reported that business maturity loans saw an increase in the month of September.
September: Loans in Ireland decline by 1.6%
NewsWhilst bank loans provided to households for general purchases in September declined by a whopping 14.8% over an annual basis in September, lending for house purchases fell by 1.6%.