Over €26m spent a day in contactless payments in February

April 8, 2021 New figures from Banking and Payments Federation Ireland reveal that 1.6 million contactless payments were made every day in February. February saw a total of 46.2 million contactless payment made over the course of the month worth over €733m. This marked an increase of 6.5% in volume terms on the same time […]

Irish mortgage rates still second highest in euro zone – Central Bank

April 8, 2021 Rates on Irish mortgages remain the second highest in the euro area, according to the latest figures from the Central Bank. In February, the average rate on new mortgage agreements was 2.79%. This compares to the euro area average of 1.27%. This rate was unchanged compared to the previous month but was […]

20% of SME loans that were on payment breaks are in arrears or need more help

April 8, 2021 Around a fifth of loans to small and medium enterprises, to which pandemic payment breaks were applied, need further support or are entering arrears. This is according to the Central Bank in its latest SME Market Report. Just under half of loans to which payment breaks were applied have returned to full […]

Adjustment of Covid reopening plan ‘now vital,’ says Ibec

April 26, 2021 The chief executive of the employers’ group Ibec has written to the Government to outline what the organisation sees as the key priorities for the reopening of the economy. In the letter sent to the Taoiseach and other ministers, Danny McCoy said Ibec thinks the priorities strike the correct balance between the […]