Organisation: Banking and Payments Federation Ireland

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>Businesses are being advised to implement fraud awareness training for staff in order to protect against these scams. </p>

companies

Email fraud cost Irish SMEs nearly €10m last year

FraudSMART says the total scammed from small to medium-sized firms increased by 23.8% year-on-year during 2023

<p>A capital markets union would create a single market for lending across the EU, allowing money to flow more easily across the bloc. </p>

companies

Banking representatives call for EU to develop single capital market

<p>Bank of Ireland said it now receives more than 11,000 customer calls a day. Picture: Julien Behal/PA</p>

companies

Bank of Ireland invests extra €34m in customer supports amid increased demand

Credit card on fishing hook pulled from stack on keyboard

economy

Scammers increasingly targeting Irish workers nearing retirement

companies

Price inflation sees value of car loans surge

economy

Banking sector facing skills shortage

Close up of a calculator and euro money in a financial analyzing concept

Average car loan in Ireland hits record €12,000 on increased appetite for electric and luxury vehicles

More people borrowing money for home improvements and car purchases

Thu, 09 Nov, 2023

Call for budget tax incentives for home energy schemes

Cost of improving energy efficiency is dissuading many households from retrofitting schemes, survey finds

Mon, 25 Sep, 2023

Construction on New Home or Residential Building Wooden Beams and Sky

Housing completions improve to meet demand while mortgage drawdowns decline

In the first six months of the year there were 20,389 mortgage drawdowns, a 7% decline year-on-year, mainly due to the significant drop in switching activity, said the BPFI

Tue, 12 Sep, 2023

Banking sector sets new criteria for mortgage-holders to switch lender

As part of new supports, credit servicing firms are to work closely with Mabs to agree repayment plans for customers in financial difficulty

Wed, 06 Sep, 2023

Number of mortgage approvals fall by almost 10% as interest rate pain bears down on housing market

Despite rising interest rates, first-time mortgage approvals rose for the fifth consecutive month, according to the BPFI

Fri, 25 Aug, 2023

Personal loans soar despite interest rate hikes, lenders say

The value of green personal loans soared by 95% compared to the same period last year and almost doubled to €20m

Fri, 04 Aug, 2023

Mortgage application loan agreement and house key

Mortgage activity slows as more rate hikes expected

There were 4,766 mortgage approvals in June, a drop of 20% compared to the same month last year, new figures show

Wed, 26 Jul, 2023

Rising costs and higher interest rates 'could affect viability of housing projects'

Although house price inflation is falling, Banking and Payments Federation Ireland warns that affordability remains an issue — with asking prices 127% up from a decade ago

Tue, 20 Jun, 2023

McGrath: 'Critical' that banks work with people in difficulty as rate hike looms

Finance Minister Michael McGrath added that the combination of high inflation and increasing interest rates has brought a swift end to the era of low-cost lending

Mon, 12 Jun, 2023

Rising house prices make borrowers more prudent, report shows

Some of the figures in the BPFI report did not show the full impact of ECB monetary policy over the last year on rates paid by new borrowers

Wed, 24 May, 2023

13% of remaining customers with exiting banks yet to open current account elsewhere

KBC and Ulster Bank are currently in the process of exiting the retail banking market in the Republic of Ireland, forcing hundreds of thousands to use accounts elsewhere.

Fri, 20 Jan, 2023

Switching drives mortgage growth to record high, report shows

The rise in switching follows efforts by homeowners to minimise the impact of ECB interest rate hikes, introduced to try and stifle soaring inflation during 2022

Fri, 13 Jan, 2023

Sharp rise in switching activity leads to mortgage approval growth, new report shows

The value of mortgage approvals rose by 23% year-on-year, the report found.

Thu, 24 Nov, 2022

Mortgage repayments up €100 a month due to rising property prices, according to new report

Ireland's mortgage market grew strongly in the first half of 2022, with drawdowns up 17% to 21,895, the most since 2009

Fri, 18 Nov, 2022

€12m transferred by 3,000 'money mules' in first half of the year

More than €12m has been laundered through Irish accounts with the help of money mules between January and June, new report finds

Wed, 26 Oct, 2022

Longer-term support for small firms needed as energy crisis lasts, warns banking group

'Likely that current inflationary pressures through energy price increases will continue in the short term', report on SMEs says

Wed, 12 Oct, 2022

Personal loan drawdowns in Ireland jump 20% to €414m

Banking and Payments Federation Ireland records the largest three-month national loan drawdown figure since 2020

Thu, 18 Aug, 2022

Rising prices and less spending power means first-time buyers are worse off than a year ago

Buyers will spend an extra €708 on mortgage repayments per year than if they had secured a mortgage a year ago as they have to borrow more

Tue, 26 Jul, 2022

Only 220,000 bank customers have switched as Ulster and KBC prepare to shut million accounts

Five main retail banks launch a new website, movingaccount.ie, to bring hundreds of thousands of people through the steps they need to take to sort out their bank accounts

Tue, 05 Jul, 2022

Revealed: First-time buyers need almost €80k income to get on property ladder

Government plans to build 35,000 homes a year have been thrown into grave doubt by a 'marked decline' in developers tendering to build taxpayer-funded homes

Tue, 24 May, 2022

Welcome to our brewery! We have amazing types of beer so you can choose

The 'rocky road' faced by businesses as Covid supports end

The wages of 70% of staff in the sector were supported by the employment wage subsidy scheme

Wed, 06 Apr, 2022

Glenveagh Properties warns on inflation as it claims developers can meet demand with Govt help

Glenveagh said it more than doubled its revenues last year to €476.8m and returned to profit

Tue, 08 Mar, 2022

€462m in home improvement loans taken out in 2021

Data from the Banking and Payments Federation Ireland shows that 43,336 home improvement loans were drawn down last year

Wed, 09 Feb, 2022

Phone call from unknown number late at night. Scam, fraud or phishing with smartphone concept. Prank caller, scammer or stranger

Scam victims conned out of €5,300 on average as fraud increases

Almost 70% of consumers have been targeted by some form of impersonation scam

Thu, 07 Oct, 2021

Increase to €50 tap boosts contactless payment numbers

More than €26m was spent daily by customers through contactless payments in February, representing a 'substantial jump' in comparison with the same period last year, banking data has suggested

Thu, 08 Apr, 2021

Con artists pocket almost €500k in romance fraud scams

People have been warned to be wary of potential romance fraud scams after 30 cases were reported last year.

Fri, 12 Feb, 2021

Pent-up demand drives mortgage approvals; support for 8,000 accounts on expired payment breaks

Pent-up demand for home loans following the first two of the Covid-19 lockdowns appears to have continued to drive up demand for mortgages late into 2020, with loan approvals up sharply in December from a year earlier, new figures from the banks ...

Fri, 29 Jan, 2021

Mortgage lenders push back against automatic payment breaks during lockdown

A senior mortgage broker said borrowers will not have the time to apply for a mortgage break on an individual basis

Thu, 07 Jan, 2021

Housing supply won't meet demand until 'at least' end of 2023

BPFI report reveals impact of Covid on property market, while Taoiseach reveals just 18,000 houses built this year

Tue, 08 Dec, 2020

Mortgage lenders and new borrowers urged to be 'realistic and pragmatic' as Covid-19 hits household incomes

Mortgage lenders and borrowers face "a challenging time ahead" as household incomes are hit hard by the economic fallout from the Covid-19 pandemic, the head of the business group that represents the main mortgage lenders has warned.

Wed, 06 May, 2020

State-backed loans for Covid-19 hit firms 'may or may not' be on way: AIB chief

State-guaranteed loans “may or may not be” part of the next package of supports to be agreed with the Government for firms reeling from the “extraordinary” Covid-19 economic crisis, AIB chief executive Colin Hunt has said.

Wed, 29 Apr, 2020

Couple’s mortgage blocked over Covid-19 wage subsidy

A couple with mortgage approval have been refused their loan drawdown because one of them is now in receipt of the State’s Covid-19 wage subsidy.

Sat, 25 Apr, 2020

Six month mortgage breaks on way as banks make robust defence of payment deferrals

All five main banks, as well as vulture funds, are set to extend so-called payment breaks for mortgage customers from the current three-month period to six months, as the main banking industry group revealed that a “significant” number have already applied for a payments deferral.

Sun, 12 Apr, 2020

First-time buyers paying €52k extra for new homes: Banking & Payments Federation

Substantial affordability issues remain in the housing sector despite an increase in supply, a report from the Banking and Payments Federation Ireland shows.

Mon, 09 Mar, 2020

Mortgage approvals increase slightly

The number of mortgage approvals for all types of house loans rose by less than 2% in November from a year earlier, banking industry figures show, as lending growth continues to be pegged back by limited new housing supply and affordability.

Fri, 03 Jan, 2020

Regulator: Banks still failing customers

Eamon Quinn Irish banks will have to invest significant funds to repair “outdated and fragmented” computer systems and are still failing their customers, the Central Bank deputy governor has said.

Wed, 13 Nov, 2019

Leading agencies reach agreement to help resolve mortgage disputes

An agreement to help resolve mortgage disputes has been reached between two leading agencies.

Mon, 04 Nov, 2019

Irish ecommerce chief welcomes grace period to avoid PSD2 'chaos'

The chairman of Ireland’s ecommerce alliance has welcomed the news that a grace period will apply to the EU’s PSD2 directive in order to allow Irish businesses to get up to code, saying the alternative would be “absolute chaos”.

Fri, 06 Sep, 2019

5,100 mortgages worth more than €1bn approved in July

The figure is an approvals increase of 14.5% on the previous month and 21% compared to the same time last year.

Thu, 29 Aug, 2019

Central Bank needs to be given stronger powers to sanction banks, says Finance Committee chairman

The Central Bank needs to be given stronger powers to sanction banks, according to the chair of the Oireachtas Finance, Public Expenditure and Reform Committee.

Wed, 17 Jul, 2019

Bank of Ireland's new Dublin headquarters

Banks 'must be controlled', Oireachtas Finance chair says

John McGuinness, Chair of the Oireachtas Finance, Public Expenditure and Reform Committee has called for more powers for the Central Bank to ensure it can sanction the banks.

Wed, 17 Jul, 2019

Making Cents: Key points for people buying their first house

Despite the many issues in the housing market, the number of mortgages being approved is rising, with first-time buyers making up the bulk

Mon, 15 Jul, 2019

20% of properties sold to big investors

One-fifth of all property sales in the first quarter of 2019 were to large international investors and real estate investment trusts.

Thu, 06 Jun, 2019

One-fifth of property sales went to 'cuckoo funds'

One-fifth of all property sales in the first quarter of 2019 were to large international investors and real estate investment trusts.

Thu, 06 Jun, 2019