Irish banks are set to take out around €10 billion in loans according to an article in the Independent.
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5 Percent Decrease In Household Bank Deposits
BankingAccording to recent data by the Central Bank, a combined €86.5 billion for bank deposits has been collected by Irish households.
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Irish League of Credit Unions Report Christmas Loans in Demand
LoansCredit unions in Ireland are seeing a significant increase in applications for €500 and €600 loans, reflective of households trying to fund their Christmas spending.
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Credit Unions Help Euro 2012 Travelers Fund Their Trips
NewsFans who decide to travel to for the Euro 2012 in Eastern Europe may to head to credit unions to get loans to finance the trip according to an article in The Independent.
Ireland’s loan costs start climbing again
EconomyAs reported in the Irish Times, Ireland loan costs are rising again due to the further deepening of the Eurozone debt crisis.
NAMA Banks Take Legal Action On €6B Loans
NewsApproximately €6 billion worth of loans were foreclosed on due to the action banks took against smaller property players and property syndicate members.
Positive words from IMF as new loan funds announced
EconomyThe IMF has released another €1.5 billion of bailout loan funding, and also complimented Ireland’s strategy for economic recovery.
Banks may be agreeing to loan write-offs
NewsThe Irish Independent have reported that banks may be agreeing to secret loan write-offs.
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Anglo Irish Bank to repay loan debt
EconomyAnglo Irish Bank have stated that they are no longer a systematic threat to the Irish economy, and that once they have finished winding down on the sale of their bad loans, they should be able to repay some of the 29 billion Euros loaned to them.
Bank of Ireland to increase loan rates
NewsThe Bank of Ireland have signaled they may have to increase loan rates to improve the profitability of the business. Continue reading