Economists are today awaiting the results of the banking stress tests conducted by the Irish Central Bank.
Woman attempts legal action over 20% home loan interest rate
NewsA woman from Co Clare in Ireland has launched a legal bid after she was charged an interest rate of almost 20% on a sub-prime loan secured on her home.
Central Bank of Ireland Reviews Tracker Bonds
NewsThe Central Bank of Ireland have conducted an inspection of the main tracker bond providers in Ireland, releasing their report online here.
Q3: NAMA manages €20.4 billion of loans in arrears
NewsNew figures show that just 1 in 4 NAMA loans are performing, leaving them having to manage over €20 billion of bad debts.
AIB seek to reduce Nama loans
News
It has emerged that AIB may have lobbied the Irish Department of Finance to cut the amount of loans tied to land and development finance under €20million being moved to Nama.
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Warning to beware of loan sharks in Ireland
NewsAccording to the report lending can “horrendously expensive” for the people who are least able to afford to repay a loan.
Household Lending Falls in November
NewsLending to households and businesses fell in November as deposits continue to leave Irish banks according to the figures released recently by the Central Bank.
Moody’s Cuts Ireland’s Credit Rating
NewsAs Europe’s leaders praised Ireland’s recent budgetary auterity measures, Moody’s Investors Service took a more negative outlook – downgrading Ireland’s credit rating.
Worries that Irish bailout loan could hit 6% or higher interest rate
NewsThere are worries in the press over the weekend that the bailout loan offered by the IMF and EU could have a higher than expected interest rate of 6% or higher.
Sweden could offer bailout loan funds
NewsSweden are looking at the possibility of offering a bilateral loan to Ireland of around $1.5 billion as part of the bigger bailout loan according to the Swedish Finance Minister Anders Borg.