With Ulster Bank and now KBC Bank poised to leave the Irish market, how competitive will financial services be? File photograph: Nick Bradshaw

Just a few hours after KBC Bank’s announcement on Friday, talk began of the competitive lacuna that will be left in its wake if it is to proceed with (...)

Credit unions had just €27 out on loan for every €100 of assets at the end of September. Photograph: Collins

A surge in household savings during Covid-19 saw Irish credit union deposits rise 7 per cent to €16.3 billion in the year to September, adding to the (...)

Credit unions are also obliged to place €10 of every €100 saved into a reserve fund under Central Bank regulations.

A Cork credit union is to become the first in Ireland to introduce charges on accepting member deposits, as the sector continues to grapple with the c(...)

Credit unions say the limit on savings is a direct result of the impact of increased savings on regulatory reserve requirements for the sector.

Progressive Credit Union in north Dublin has tightened its savings restrictions on members to just €15,000, after reporting a “significant increase” i(...)