Central Bank

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More SMEs say they have been loss-making than profitable since Covid-19 hit. Photograph: iStock

At what point do “warning signs” become the thing you look back on after everything has gone wrong? This question might well be high in the top minds (...)

Gabriel Makhlouf: “There is a whammy from the pandemic that is hitting particular sectors hard and then we have the added whammy of Brexit.” Photograph: Nick Bradshaw

The Republic will be the euro zone’s biggest loser from a no-deal Brexit, which threatens to cause an economic “double whammy” on top of the fallout f(...)

The Central Bank has said many customers are now becoming more digital in their transactions.

Customers are moving away from over the counter transactions in banks and increasingly moving towards cashless and automated or self-service activity,(...)

The Central Bank says there  is a  “substantial amount” of unpaid invoices owed to firms.  Photograph:  Niall Carson/PA Wire

Substantially lower turnover, unpaid invoices and limited availability of capital from the banks led many small and medium sized enterprises (SMEs) to(...)

The Central Bank of Ireland. “Firms are obliged at all times to act in the best interest of consumers, and the findings of this inspection show that this key component of the rules protecting consumers is not being fully complied with in several firms”

Firms are placing undue reliance upon standardised questionnaires and “box-ticking” to demonstrate compliance with rules that they must protect consum(...)

The Central Bank said the report would “improve transparency and the understanding of the issues affecting the functioning of the insurance market in Ireland”.  Photograph: Niall Carson/PA Wire

The scope of the national database on insurance costs is to be extended to include employers’ and public liability, the Central Bank has said. The Na(...)

Photograph: iStock

Poking fun at Britain has become something of a national sport in Ireland over the past couple of years – much of it justified as our near neighbour s(...)

Central Bank of Ireland governor Gabriel Makhlouf: the measures announced by the ECB governing council will  allow for the “smooth provision” of credit throughout the disruption to the economy caused by Covid-19.  Photograph: Nick Bradshaw

Irish lenders are closely watching the impact of coronavirus on their levels of non-performing loans amid an increase in contacts from customers poten(...)

A recent survey found that half of all Irish adults use digital banking or contactless payments more often than cash

Ireland’s banking sector has invested heavily in trying to persuade customers of the merits of cashless banking. Like their peers across Europe, cutti(...)

The Central Bank has published a paper that warns of the economic impact even in the event of an EU-UK free trade deal.

Irish unemployment will increase by 1 per cent and economic output will fall by about 3.5 per cent even in the event the European Union and the United(...)

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