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Banks spend €3bn on delivering digital services

Banks spend €3bn on delivering digital services
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Government trying to involve banks in shared equity scheme

Government trying to involve banks in shared equity scheme
It is understood that the nation s banks would match the Government s €75m initial funding of the scheme
The department has said its scheme will meet Central Bank lending rules and that homeowners will not be required to repay the equity stake taken by the Government. File picture.
Sun, 17 Jan, 2021 - 20:30
Paul Hosford Political Correspondent
The Government is controversially trying to involve the banks in its shared equity housing scheme, it has emerged.
It is understood that the nation s banks would match the Government s €75m initial funding of the scheme.
However, discussions are said to be stalled due to a request from banks that the interest on the Government s equity be more aligned to the mortgage market and not as low as 1.5%, as wished for by the Department of Housing. ....

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November shows highest month of mortgage approvals on record Ireland,Property, news for Ireland, Commercial Property,Mortgages,Property,

November shows highest month of mortgage approvals on record
Written by Robert McHugh, on 22nd Dec 2020. Posted in Ireland
The Banking & Payments Federation of Ireland (BPFI) has today published the latest figures from the BPFI Mortgage Approvals Report for November 2020.
A total of 5,198 mortgages were approved in November 2020 – first-time buyers (FTBs) were approved for 2,826 mortgages (54.4% of total volume) while mover purchasers accounted for 1,373 (26.4%).
The number of mortgages approved fell by 0.2% month-on-month and rose by 24.3% compared with the same period last year. Mortgages approved in November 2020 were valued at €1,281 million – of which FTBs accounted for €692 million (54.1%) and mover purchasers for €388 million (30.3%). ....

Banking Payments Federation Of Ireland , Payments Federation , Approvals Report , Goodbody Stockbrokers , வங்கி கொடுப்பனவுகள் கூட்டமைப்பு ஆஃப் ஐயர்ல்யாஂட் , கொடுப்பனவுகள் கூட்டமைப்பு ,