Central Bank
Bank of Ireland fined over €100m for tracker mortgage scandal

Bank of Ireland fined over €100m for tracker mortgage scandal

The fine is the largest the Central Bank has ever imposed. Bank of Ireland has been fined over €100 million by the Central Bank following a “series of significant and long-running failings” in regards to tracker mortgages. The fine initially totalled €143,600,000, but was brought down to €100,520,000 in accordance with the Central Bank‘s settlement […]

3 years ago

Irish household wealth worth more than €1 trillion for the first time ever

Irish household wealth worth more than €1 trillion for the first time ever

The Central Bank were at pains to point out that the figure does not reflect the distribution of wealth in Ireland. While the cost of living crisis continues, Irish wealth continues to grow to unprecedented heights, with the net worth of Irish households now passing the €1 trillion mark for the first time ever. The […]

3 years ago

€350m worth of old punts still unclaimed, say Central Bank

€350m worth of old punts still unclaimed, say Central Bank

The Central Bank still exchange punts for euros. Central Bank of Ireland have released new figures which indicate that there is still around €350m worth of unclaimed old punts in Ireland. According to the breakdown, over third of the total sum (€347,404,127.84) is in coins: Irish Pound Banknotes: €224,389,631.19 Irish Pound Coin: €123,014,496.65 Central Bank have […]

6 years ago

Central Bank says a no-deal Brexit will result in domestic recession in Ireland

Central Bank says a no-deal Brexit will result in domestic recession in Ireland

This is very worrying. The Central Bank has delivered its first detailed forecast for the Irish economy in the event of a no-deal Brexit. In its most recent Quarterly Bulletin, the Central Bank painted a very bleak picture when discussing an Ireland under a “disorderly” no-deal Brexit. The Central Bank has predicted significant disruption and a […]

7 years ago

Central Bank warn of potential massive job loss in the event of no-deal Brexit

Central Bank warn of potential massive job loss in the event of no-deal Brexit

The Central Bank have said that 110,000 jobs could be lost over the next 10 years. The Central Bank of Ireland has warned of major job losses across the economy in the event of a no-deal Brexit. In its third Quarterly Bulletin of 2019, the Central Bank provided forecasts for the Irish economy and its […]

7 years ago