Central Bank said the banking sector should engage with direct debit originators to avoid payment issues as accounts are closed and customers move to new banks.

Central Bank officials told the heads of the State’s retail banks on Tuesday that there is a need for more “joined-up planning” on the movements of hu(...)

The number of home improvement loans rose by 26.2 per cent year on year to 10,837. Photograph: iStock

The number of consumers that drew down personal loans during the first quarter of this year, as well as the value of those loans, rose by about a thir(...)

The State’s employment wage subsidy scheme  will end for most businesses on April 30th. Photograph: iStock

Small and medium enterprises (SMEs), especially those in the hospitality sector, face a “rocky road to recovery” due to inflation pressures and the im(...)

There was a 42% increase in the number of housing units that commenced construction last year. File photograph: Getty

There was a 42 per cent increase in the number of housing units that commenced construction last year – the most in any year since 2007 – but the pipe(...)

The value of mortgage approvals has climbed 13.2 per cent year on year. Photograph: Frank Miller.

Lending to first-time buyers reached its highest January level in at least 11 years last month, while remortgaging or switching activity also saw a s(...)

Central Bank of Ireland deputy governor Ed Sibley:  held a number of roles with both Bank of Ireland and PwC before joining the Central Bank in 2012. Photograph: Nick Bradshaw

Central Bank of Ireland deputy governor Ed Sibley is planning to join EY Ireland’s financial services unit later this year after a decade with the reg(...)

The value of contactless payments rocketed 48.3 per cent in 2021

Total credit and debit card spending last week decreased by 5 per cent, or €91 million, when compared to the previous week, according to the Central B(...)

About  53% of card spending took place in-store in 2021, with online shopping continuing to rise in popularity. Photograph: iStock

The value of contactless payments rocketed 48.3 per cent in 2021, while use of cheques hit a new low, according to figures from Banking & Payment(...)

While AIB’s shares have jumped more than 25 per cent so far this year and Bank of Ireland’s stock has soared over 37 per cent amid mounting speculation that the ECB will be forced to start raising interest rates later this year.

Irish banks are among the best placed lenders in Europe to benefit from the 1.5 percentage points in rate hikes likely to be delivered by the European(...)

The number of homes available to rent has fallen close to historic lows, while rents have increased sharply just as the economy emerges from the restr(...)

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