The Central Bank of Ireland (CBI) has today issued its monthly financial data for banks operating in Ireland. The headline with respect to deposits is that money is still disappearing from our banking sector, at a reduced rate compared with the end of 2010 but still at a level that should be of concern and [...]
Archive for February 28th, 2011
Deposit flight from Irish banks still ongoing but apparently slowing
Posted in Banks, IMF on February 28, 2011 | 3 Comments »
Mortgage market freezes up in Q4, 2010
Posted in Banks, Irish Property on February 28, 2011 | Leave a Comment »
The Irish Banking Federation has this morning published its lending statistics for mortgages for Q4, 2010 and they show that transactions are grinding to a halt. Just 4,024 mortgages were advanced during the quarter for the purchase of property. This is down 87% from peak in 2006 when over 30,000 mortgages were advanced for property [...]
Mortgage arrears up 56% year-on-year, repossessions stable
Posted in Banks, Irish Property on February 28, 2011 | 3 Comments »
Although Charlie Weston at the Independent said that the information would be published by the Fianna Fail appointed Financial Regulator last week, it is only today that the arrears/repossession information for Q4, 2010 has been published. Here’s the summary together with data for previous quarters. (Click to enlarge) In summary, arrears are up by 10% [...]
NAMA oversees second significant domestic property sale
Posted in Developers, Irish economy, Irish Property, NAMA on February 28, 2011 | 4 Comments »
(UPDATE: 2nd March 2011. It seems that NAMA may not have had involvement with this sale even though it relates to a property owned by a Liam Carroll company. It is suggested that the lender may have been the Bank of Scotland Ireland which of course is not a NAMA Participating Institution) On 13th January, [...]
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Recent Posts
- Northern Ireland’s residential property price collapse – the worst in the world?
- Are we recovering?
- NAMA’s report and accounts for Q4,2011
- 30-minute guide to the ESM and Fiscal Compact treaties
- Fiscal Compact referendum – final weekly review
- NAMA in negotiations to build major new office block in central Dublin
- NAMA tackled about its protocols for the disposal of assets amid concern at Cork sale
- Of the Week..
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Recent Comments
JP on Northern Ireland’s residential… Jake Watts on Northern Ireland’s residential… who_shot_the_tiger on Northern Ireland’s residential… who_shot_the_tiger on Northern Ireland’s residential… gerhard dengler on Are we recovering? Twitter Updates
- @OwenCallan Thanks! How many negatives make for a downgrade, I suppose. An Taoiseach says it *will* be just one more. 59 minutes ago
- Northern Ireland’s residential property price collapse – the worst in the world? wp.me/pNlCf-2Es 7 hours ago
- @brianmlucey @declanganley @GTCost The IRL experience is that some patients should be let die. 9 hours ago
- @joehas @declanganley @brianmlucey @GTCost I get the impression it's forcing itself back on the table after Bankia. 9 hours ago
- @declanganley @brianmlucey @GTCost You set up a NAMA to suck out the poison OR hope the patient fends for themselves OR let the patient die 9 hours ago
- @OwenCallan Hi Owen! Has any ratings agency said it *will* downgrade IRL if there is a no vote;All S&P said no wd be credit neg in s-term 11 hours ago
- PIIGS yields mixed;SPN/ITA up at 6.5/5.7% as Bankia gets €19bn bailout; what’s SPN for “cheapest bailout in history” wp.me/PNlCf-19r 15 hours ago
- @YJB57 You never know! Peter Mathews giving a candid assessment of the Compact before Thursday could just be this vote's black swan event. 16 hours ago
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