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Taoiseach Leo Varadkar announcing plans to accelerate the reopening of the Republic’s economy on Friday. Photograph: Leon Farrell/Photocall Ireland/PA Wire
Irish stocks gain on Government’s accelerated reopening plans

An unexpected jump in US employment sent world equities surging on hopes that the global economy has started to recover from the coronavirus pandemic,(...)

The number of mortgage payment breaks granted by Irish lenders increased by 20 per cent in less than a month.
Mortgage payment-break numbers rise to 78,000

Banking and Payments Federation Ireland (BPFI) said 78,000 mortgage payment breaks have been granted by Irish lenders as a result of the Covid-19 cri(...)

Bank of Ireland has to rebuild its capital levels to its medium-term targets, which may see it delay returning to regular dividend payments to 2023, analysts said. File photograph: iStock
Covid-19 set to drive €4bn in loan losses for Irish banks

Bank of Ireland, AIB and Permanent TSB face having to deal with more than €4 billion of bad loan losses stemming from the Covid-19 crisis over the cou(...)

Bank of Ireland and AIB see GDP originally projected to grow almost 4 per cent this year, contracting 7.5-8 per cent, and unemployment averaging 13.5 per cent. Photograph: Crispin Rodwell/Bloomberg
Banks move to avert fresh arrears crisis

The State’s banks are beginning to write to borrowers who have availed of payment breaks during the Covid-19 crisis, urging those who feel they will n(...)

Corporate Business, Indian, Office - Group of Customer Service Executives Attending Calls at a Busy Call Centre
Hot-desking continues at bank call centres, workers say

Some 40 per cent of staff in Irish bank call centres and departments have said that hot-desking continues to be practised by their employers, even as (...)

The pandemic’s impact has eclipsed problems – including an income squeeze from low interest rates, concerns over Brexit and a dysfunctional housing market – that had long had Irish bank shares trading at a discount to European peers. Photograph: Nick Bradshaw
Covid-19 pushes Irish banks into first loss since troika years

On Saturday, March 14th, two days after Taoiseach Leo Varadkar announced the closure of schools and called for outdoor mass gatherings to be cancelled(...)

Permanent TSB, the last of the State’s banks to return to profit after the financial crisis, is set to slide back to a loss this year. Photograph: Alan Betson
PTSB seen returning to loss amid surge in loan charges

Permanent TSB (PTSB), the last of the State’s banks to return to profit after the financial crisis, is set to slide back to a loss this year as the Co(...)

A restaurant owner in Barcelona, Spain, prepares his storefront to attend customers’ takeaway orders after the country begun loosening some of the strict movement restrictions it implemented. Photograph: EPA
European stocks gain as economies reopen from lockdown

European stocks closed higher on Tuesday, shrugging off uncertainty over regional bond purchases as a swathe of positive earnings and an easing of cor(...)

Ulster Bank swung to a loss in the first quarter of the year in the Republic as the bank took a €32 million net impairment charge in anticipation of a likely surge in bad loan losses. Photograph: Nick Bradshaw
Ulster Bank takes €32m loans charge amid Covid-19 crisis

Ulster Bank swung to a loss in the first quarter of the year in the Republic as the bank took a €32 million net impairment charge in anticipation of a(...)

The Central Bank said that borrowers availing of extended breaks will not be classified as having missed payments on its Central Credit Register. Photograph: Alan Betson
Banks urged to avoid ‘cliff-edge’ on loan payment breaks

The Central Bank will press lenders to use extended Covid-19 loan payment breaks to work on and offer longer-term restructuring solutions to borrowers(...)

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