Firms had tightened lending conditions and increased interest rates amid ECB hikes
ICS Mortgages
Analysts mark down profit expectations for Irish lenders as interest rate dynamics mean lower return on excess savings and more competition
New initiative will allow account holders to switch to mainstream banks to escape higher interest charges
Framework will allow more people to save money by switching from credit service providers to mainstream banks
But bank saw decline in UK and international corporate lending during the period
Dilosk, the parent of ICS, marketed bonds backed by a portfolio of existing owner-occupier mortgages
Cantillon: Nonbank lenders had been expected to help fill the void after the departure of Ulster Bank and KBC Bank from Irish market
Non-bank lender marketing bonds backed by portfolio of existing ICS Mortgages loans to source capital for new lending
Rate changes will be applicable to all variable rate and new fixed rate applications from May 1st
Bank lobby group says higher home deposits or longer mortgage terms are the best ways to cut level of monthly payments
Almost nine out of 10 customers would save average of €90 per month if they switched, says Daft
Non-bank lender says move reflects ongoing upward pressure on cost of financing
Cantillon: Banks tighten lending criteria amid signs households struggling with monthly repayments
Fall in arrears comes even amid cost of living crisis
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