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Mortgage rates down but still twice Eurozone average

MORTGAGE rates have fallen in this country but are still more than twice the average charged in the Eurozone. This means it costs €190 more a month to service a mortgage in this country than the average in the currency bloc. New figures show that the rate on new mortgage agreements was 2.79pc in February. This is down by 12 basis points on the same month a year ago, but is still more than twice the 1.27pc average for the euro area. Ireland is back to having the second highest mortgage interest rates across the euro area, according to the Central Bank data.

Spanish banking group Irish arm extends cheaper mortgages

Spanish banking group Irish arm extends cheaper mortgages
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Irish shoppers lost €12 million to credit and debit card fraudsters in the first half of 2020

); Irish shoppers lost €12 million to credit and debit card fraudsters in the first half of 2020 Online card fraud rose by 21% compared with the same period in 2019, the BPFI said. By Ian Curran Thursday 1 Apr 2021, 6:30 AM Apr 1st 2021, 6:30 AM 10,597 Views 6 Comments Image: Shutterstock/Suradech Prapairat Image: Shutterstock/Suradech Prapairat IRISH CREDIT AND debit card users were scammed to the tune of €12 million in the first six months of 2020, according to new figures published by the Banking and Payments Federation of Ireland (BPFI). The BPFI, the Irish banking sector’s main lobby group, recorded more than 143,000 fraudulent debit and credit card transactions in the first half of 2020.

I d be happy to see Spanish banks serving Irish customers, and the other way round as well

Goodbody analysts Eamonn Hughes and Barry Egan have said returns on equity (ROEs) could be 10pc better at AIB and Bank of Ireland – and even higher at Permanent TSB – if regulators stopped viewing mortgage risk through the lens of the 2008 crash. But Mr Campa believes the legacy of the crisis in EU regulatory risk weighting is “eroding over time naturally”. Business Newsletter Enter email address Sign Up “The impact of the previous crisis into the risk management is likely to be eroding away. It’s more an assessment of what is the risk-return reward.” Low profitability is an issue across the bloc, Mr Campa points out, which may be why the European Central Bank (ECB) – which supervises euro area banks, while the EBA covers the EU’s 27 members plus Iceland, Liechtenstein and Norway – issued guidance last year on “banking consolidation”.

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