LOANS TO households fell by 4.1% in June according to figures released by the Central Bank. Mortgage lending is down 1.5% for the year while spending slumped by 13.1%. The bank said the amount repaid by households was larger than the amount being borrowed. Loans to business are also down by 2.5% in June.
Borrowing
# borrowing - Thursday 18 April, 2013
Column: ‘I thought I did everything right – so why have I ended up here?’
Aoife O’Connor has gone to college, got good results, borrowed money to get more qualifications by doing a postgrad, but she still finds herself with no job. Here she asks why she can’t catch a break?
Struggling borrowers may have to move house, sell car and change creche to enter new insolvency process
The new guidelines do NOT, however, require one parent to give up work if their childcare costs more than they earn.
PIC: How much a single person can spend under the new insolvency rules
The Insolvency Service of Ireland has published its guidelines for spending limits to qualify for the new procedures.
# borrowing - Saturday 3 November, 2012
Explainer: What are the rules that govern legal moneylenders?
With Halloween now behind us, Christmas has become the focus of many. While the holiday can bring joy to many, it can be a time of huge financial pressure for others.
# borrowing - Thursday 11 October, 2012
S&P downgrades Spain two notches
Spain’s sovereign debt rating has been cut to just one level above “junk” grade debt – which could see Madrid’s borrowing costs skyrocketing to untenable levels.
# borrowing - Tuesday 21 August, 2012
Is the ECB about to uncork a game-changer?
A Euro-skeptic columnist at the Daily Telegraph insists that Der Spiegel is correct in saying the ECB wants to cap borrowing costs for Spain and Italy.
# borrowing - Monday 20 August, 2012
45 per cent of parents have made no provision for their children’s education
Over two thirds of parents believe they will have to borrow their children’s third level education.
# borrowing - Saturday 18 August, 2012
Ex-Barclays chief Bob Diamond criticised over ‘highly selective’ evidence
Head of British Treasury Select Committee inquiry into Libor scandal is highly critical of Diamond in official report.
# borrowing - Tuesday 14 August, 2012
Consumer spending “down for fourth consecutive year”
New figures also show that credit card debt is continuing to decline compared to last year.
# borrowing - Friday 10 August, 2012
Bank of Ireland reports half-year loss of €1.25 billion
Bank CEO says H1 2012 has been a difficult environment to operate in, given ongoing eurozone difficulties and challenges to the Irish economy.
# borrowing - Monday 23 July, 2012
Spanish borrowing costs hit record high
Investor action this morning reflects growing scepticism about efforts to stabilise Spain’s banks.
# borrowing - Friday 6 July, 2012
The 9 at 9: Friday
Nine things to know this morning…
# borrowing - Thursday 5 July, 2012
Passing ECB cut on to customers a ‘commercial decision for each bank’ – Dept of Finance
Tracker mortgage customers will see their rate adjusted as per the ECB change – but what about other mortgage holders?
# borrowing - Thursday 14 June, 2012
Spanish borrowing costs hit record level
Moody’s downgraded Spanish debt to within one notch of ‘junk’ status yesterday.
# borrowing - Thursday 31 May, 2012
Household loans and mortgage lending down in April
Latest figures from the Central Bank show that the level of lending to Irish households continued to decline last month.
# borrowing - Wednesday 30 May, 2012
Euro falls amid concerns over Spanish debt and falling economic sentiment
Euro trading lower against US dollar.
# borrowing - Tuesday 27 March, 2012
Column: It’s the end of our economy – and now we need an alternative
The economic crisis has caused severe hardship for many – but it has also exposed our financial system for the sham it is, writes Rob Heyland.
# borrowing - Tuesday 8 November, 2011
Italian borrowing rates briefly hit new record but markets are up
So what does that mean?
Berlusconi facing crucial vote as fears grow over Italy
A normally procedural vote will be closely scrutinised as Italian borrowing costs hit new highs.
# borrowing - Tuesday 27 September, 2011
Borrowing costs spike for Italy and Spain
Italy and Spain’s borrowing rates jumped to the highest levels since the beginning of the financial crisis today.
# borrowing - Wednesday 4 August, 2010
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