A historic change is coming for first-time buyers’ borrowing, what it means for you
‘The Celtic Tiger is alive!’ Mortgage lender Núa Money will be enabling first-time buyers to borrow up to five times their income. The mortgage lender will be the first financial institution in Ireland to offer this to customers since the financial crash in 2008. The Central Bank’s loan-to-income limit restricts the amount of money first-time […]
2 months ago
Dublin’s newest rooftop bar opening in iconic location just in time for Christmas
The new venue will open in November. A new rooftop bar is set to take over Dublin’s central bank building. While the city isn’t exactly known for its rooftop bars, this trendy new spot is opening in November, just in time for Christmas do’s. Situated on top of the former Central Bank building on Dame […]
9 months ago
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 […]
4 years ago
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 […]
4 years ago
€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 […]
7 years ago
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