Banking And Payments Federation Ireland

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

AIB increases payment to mortgage switchers to €3,000

In recent years many customers in Ireland opted for security, with about half locking in to fixed-rate mortgage terms

Carlow students to represent Ireland at European Money Quiz in Brussels

Maria Miller and Lily O’Connor from Presentation College Carlow won the Irish final of Europe’s largest financial education competition

ATMs must dispense notes smaller than €50, Oireachtas committee urges

Draft report by Oireachtas finance committee calls for greater availability of €20 notes to facilitate those on low income or social welfare as well as a review of accessibility of withdrawal machines

First-time buyer activity drives mortgage approvals in February

Approval activity up by 6% in volume and by 7% in value compared with the same month last year, data from banks shows

BNP Paribas Real Estate economist casts doubt on bankers’ predictions for new-home delivery

Around the Block: This year’s housing output could prove to be a deciding factor in next year’s much-anticipated general election

Should banks be on the hook for access to cash into the future here?

Inside Business podcast with Ciarán Hancock

Irish workers in line for big pay hikes over the next three years

The best news, analysis and comment from The Irish Times business desk

Supply of housing last year up by 55% on pre-pandemic 2019 output

Commencements figures for January were up 59%, which was the highest level observed in any January period since 2008

‘Logical’ that banks should be responsible for maintaining infrastructure for access to cash

Access to Cash Bill is designed to manage future cash demand and will require independent ATM operators to register with the Central Bank

Access to cash rules are unfair on banks and could deter new players from entering the Irish market

Under proposed provisions, the three retail banks will have sole responsibility for maintaining access to ATMs and counter services across the State

Why it’s so difficult to find a second-hand house to buy in Ireland

Many homeowners want to move, but the most severe lack of supply seen in many years is making it impossible for most of them to find a property

‘Concerning’ fall in mover purchase mortgage approvals in January

Mover purchase mortgage approvals have fallen to their lowest January volumes since 2016

Access to cash bill could hurt competition, hearing is told

Oireachtas Finance Committee hears cash is ‘a crucial budgeting tool for many of those on fixed and lower incomes’

Car loan values ‘surge’ by almost 40 per cent in third quarter of 2023

BPFI chief executive Brian Hayes said the increase is partly due to continued growth in new electric car sales

Banking industry group seeks update on timeline for shared fraud database

Uncertainty over database is ‘critical blocker’ in tackling financial crime

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