Lender reiterates it full-year net interest income coming to more than €3.65 billion, down from last year’s €3.84 billion as ECB rates seen falling
Lender reiterates it sees full-year net interest income coming to more than €3.65 billion, down from last year’s €3.84 billion as ECB rates seen fallingAIB’s share of new mortgage lending crept higher in the first few months of this year, leaving the top two banks in the country with a combined mortgage market share of more than 75 per cent.
Earlier this week, Bank of Ireland reported that its slice of new mortgage lending was 40 per cent for the first two months of the year. While it had dipped from 41 per cent last year, it remained well ahead of the 28 per cent share it recorded for 2022, as the domestic banks won back market share from nonbank lenders such as ICS Mortgages and Finance Ireland as their funding was squeezed amid rising market interest rates.
The bank reiterated that it sees its full-year net interest income coming to more than €3.65 billion, down from last year’s €3.84 billion. However, this assumes that the ECB will cut its deposit rate by 1.25 percentage points, at a time when financial markets are now just pricing roughly half that level in cuts.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Homeowners who waited to switch lender until ECB hiked rates missed peak savingsMortgage-switching activity ratcheted up sharply when European Central Bank raised rates for first time in more than a decade
Read more »
75-year-old university graduate says it's never too late to pursue your passionLiz Waters decided to take on a new challenge after her retirement and has graduated from an MA in Food Studies and Gastronomy with flying colours: 'I never, ever felt my age'
Read more »
Dubai city hit by flooding as UAE sees heaviest rainfall in 75 yearsEmirates suspends check-in for passengers in Dubai after record rains
Read more »
Drug abuse on public transport witnessed by 75% of drivers and staff, committee to hearSiptu officials and union members at Dublin Bus, Irish Rail and Luas to appear before Oireachtas committee as part of campaign for establishment of dedicated transport policing unit
Read more »
Exhibition to mark 75 years of Ireland becoming republicAn exhibition of records presented by the National Archives will open tomorrow to mark the 75th anniversary of Ireland becoming a republic.
Read more »
Scrabble launch new 'less stressful' edition in 75-year firstScrabble is launching a new edition of its iconic board game for the first time in 75 years.
Read more »