Mars Capital

36 results

AIB continues to target a non-performing loans ratio of about 3 per cent of total loans
AIB problem loans level to fall below 6% on mortgages sale deal

AIB said on Thursday evening that its non-performing loans (NPLs) ratio will fall below 6 per cent after agreeing to sell €400 million of problem mor(...)

An AIB spokesman said as of the end of June, the bank’s problem loans ratio ‘remains elevated’.
AIB nears €500m sale of problem loans to US consortium

AIB has picked a consortium involving US-based Ellington Financial and Morgan Stanley as preferred bidders for a portfolio of problem loans, mainly mo(...)

Customers not meeting the terms of agreed restructuring arrangements will be required to complete standard financial statements if seeking payment breaks, PTSB said. Photograph: Alan Betson
PTSB mortgage holders in arrears face shorter Covid-19 payment breaks

Permanent TSB is holding back from offering mortgage holders already in arrears the full standard three-month mortgage payment break that banks in the(...)

John Moran: ‘If you look at everything I’m involved in, there’s always a challenge at the heart of it.’ Photograph Liam Burke/Press 22
`If we had defaulted how strong would EU solidarity be now?'

John Moran, the former mandarin who was at the heart of some testy exchanges with EU paymasters during Ireland’s bailout years, may be an unlikely ste(...)

Mr Justice Denis McDonald’s High Court ruling clarifies a provision of the Personal Insolvency Acts concerning court approval of a Personal Insolvency Arrangement (PIA).
High Court clarifies time frame for personal insolvency applications

A High Court ruling is good news for a large number of debtors appealing findings that their applications for court approval of personal insolvency ar(...)

John Moran, former secretary general of the Department of Finance, is involved in the talks between Arrow Global and AIB. Photograph: Alan Betson/The Irish Times
Arrow Global set to buy up distressed Irish mortgages

International debt investor Arrow Global has begun talks with Irish banks about financing investments in non-performing Irish mortgages, The Irish Tim(...)

Anna Gallagher: “I think you’re only a number with the banks. They don’t know or they don’t care what you’re going through.” Photograph: Gareth Chaney
‘The bank came out in June after my husband died in February’

Anna Gallagher’s troubles started in 2008 when her husband began encountering difficulties at work. The couple, with a home in Ashington, Dublin, soon(...)

Punters at Cheltenham, which is the subject of our Inside Business podcast.
Mars Capital ready to take off, restructuring at Mastercard and Paddy Power backs punters

Mars Capital, one of the biggest foreign buyers of Irish mortgages in the aftermath of the financial crisis, is bringing its loan portfolio in-house a(...)

According to a spokesman for Arrow Global, Mars Capital Ireland had already been servicing all customers who were not up to date for the last two years.
Mars Capital ramps up Irish debt servicing business

Mars Capital, one of the biggest foreign buyers of Irish mortgages in the aftermath of the financial crisis, is bringing its loan portfolio in-house (...)

Tracker mortgage scandal: the Central Bank has said it continues to encounter great difficulty getting full disclosure from some banks. Photograph: Yves Herman/Reuters
Tracker scandal: is your bank playing fair...or not?

The tracker mortgage scandal has engulfed most of Ireland’s mortgage lenders and, in its report this week, the Central Bank said it continued to encou(...)

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