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Permanent TSB Acquiring Billions from Ulster Bank

Permanent TSB is planning to acquire €7.6 billion in mortgages and small business loans from Ulster Bank as part of the Bank’s phased departure from the Republic of Ireland. While this is only a portion of the €22 billion deposit book, this acquisition can turn Permanent TSB into a major player in the lending industry. …

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Rebound of Residential Construction in Ireland

Following the end of lockdown restrictions on the building sector in Ireland back in April, home construction has been on a strong rebound. According to the most recent GeoView Residential Buildings Report, almost 19,000 houses were under construction throughout June. This figure is a 38.4 percent increase from the previous year.  The CEO of GeoDirectory, …

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ESB Makes Cuts To Mortgage Rates

Many EBS customers will be able to save on their current mortgages after an announcement from the building society made a statement that the company will be cutting its three- and five-year mortgages by 0.15 percent. The new rate came into effect last Thursday. EBS is a financial institution of Ireland that services over 400,000 …

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How Can Ireland Expand Its Regtech Industry?

The most prominent industry in Ireland’s fintech sector has been payments for a long time. However, regulatory technology, or regtech, has quickly been growing and expanding its reach internationally.  Regtech is a bit less known because it does necessarily offer direct services to consumers. Instead, it includes technologies that allow regulated bodies, such as banks …

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Respond Delivers Social Homes in Cork

Amid the height of the pandemic in 2020, Respond was successful in providing 132 new affordable homes in Cork. According to statements found on Respond’s website, it is an Irish non-for-profit housing association that seeks to create homes for social investment instead of financial gain. Another of its goals is to supply homes to those …

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How to Fix Ireland’s Housing Crisis?

According to the Central Statistics Office of Ireland, residential home prices have gone up a whopping 74.5 percent from 2013 to 2019. This is a striking figure because average income has only gone up by 12 percent.  Rent prices have also increased significantly in this same period. A lease increase of 55.1 percent from 2013 …

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Chambers Ireland’s Opinion for the 2022 Budget

Ireland’s 2022 Budget is set to be released on October 12th, 2021. Chambers Ireland, the country’s largest business network, has requested for the government to widen and reform Ireland’s Living City Initiative in the 2022 Budget.  Chambers Ireland is composed of local company representatives from regions across Ireland and has forty member chambers. There is …

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Irish Lenders Checklist

If you’ve finally had your eyes on your dream home and are ready to make one of the biggest purchases of your life, few will pay with cash but most will have to get a mortgage loan from their lender. While this process used to be looked at as tedious and time consuming in the …

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