Latest central bank statistics show continuing stabilisation of private sector deposits at covered banks

This morning, the Central Bank of Ireland (CBI) has released its monthly snapshot of the state of Irish banks focussing on deposits and lending. The data covers the period up to 31st January 2012 and shows that during the month of January 2012, deposits by ordinary households and businesses actually increased at the so-called “covered” or [...]

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Stop press: NAMA publishes new foreclosure list of properties

(The new properties added in January 2012, click to enlarge) NAMA has today published its now regular monthly list of properties subjected to foreclosure action – the list shows NAMA foreclosed properties at the end of January 2012. The full list is here, the list of new properties added is here, and you will find [...]

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How US “vulture capitalist”, the Blackstone group is insinuating itself into the fabric of Irish state-business

It seems these days that not a week goes by without the name of some new foreign outfit hitting the domestic headlines, as international investors look to Irelandfor opportunities in the wake of the property and banking collapses. And that is to be expected with the destruction of wealth at home, and the fact we [...]

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“its treatment of Treasury was utterly misleading, unreasonable, commercially sharp to an extraordinary degree”, Treasury Holdings and NAMA – the Treasury affidavits:

The case in Dublin’s Commercial Court between Treasury Holdings and NAMA, and others, continues later today for what will be Day 6 of this preliminary hearing where Treasury is now just seeking a judicial review of its dealings with NAMA, having dropped the application for an injunction against NAMA’s receivers. Yesterday the parties started their [...]

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European Commission refuses to hand over documents related to NAMA’s negative equity mortgage product

It was May 2011 when the NAMA chairman and the NAMA CEO first mooted the proposal that NAMA would introduce a scheme which would allow it to sell residential property in Ireland with built-in protection against future price falls. The product was to be unveiled in Autumn 2011, then that slipped to Q4,2011 and the [...]

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With house prices falling at this rate, you could have rented this instead..

This morning’s house price statistics from the Central Statistics Office show that house prices nationally are continuing to decline, and in fact have declined by each of the last 52 months – months, not weeks, though in June and July 2010 the index did remain flat. In not one month since September 2007 have prices [...]

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Dublin house prices fell 4.1% in just one month – CSO publishes Irish price indices for January 2012

This morning has seen the publication of the CSO residential property price indices for Ireland for January 2012. Here’s the summary showing the indices at their peak (various months in 2007 depending on type of property and location), the NAMA valuation date (November 2009), annual (December 2011), last month (December 2011) and January 2012 Now [...]

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Treasury Holdings claims it “unequivocally agreed to NAMA’s requirements” in TAIL transaction

The Treasury Holdings bid to seek a judicial review of NAMA’s dealings with its loans is set to be resumed in Dublin’s Commercial Courtthis morning at 11am before Ms Justice Finlay Geoghegan in Court 14. The case was originally supposed to have concluded last week, and you’ll recall that Treasury was seeking an injunction against [...]

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A year on the road: the Ballyhea/Charleville protesters hold their 52nd weekly march

About ten months ago I first heard about the weekly bondholder protest in Ballyhea in county Cork. I must admit couldn’t even find the place on a map, and even thought it was being mis-spelled by one of its local residents and that its correct name was Ballyhay, but no, the village and community of [...]

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One-stop trough: how much do Irish politicians get paid? (Part 2 of 3)

This is Part Two of a three-part blogpost on political remuneration in Ireland. Part One was published last weekend, and is available here, it focuses on the detail of salary and benefits and has been updated with some new information since last weekend. It’s worth saying that the value of the Oireachtas pension which costs [...]

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