Bank loans

AIB gets green light to buy Ulster Bank loans, Ukrainian refugees arrive in Dublin center

Banks

AIB has entered into exclusive discussions with NatWest Group for the acquisition of approximately €6 billion of tracker and performing linked mortgages from Ulster Bank.

The news came after the bank received a receipt from the Competition and Consumer Protection Commission (CCPC) on Thursday for the €3.7 billion acquisition of Ulster Bank lending to businesses and to businesses.

Meanwhile, KBC has announced that it will extend the notice period given to customers to close their current accounts to six months as the bank seeks to exit the Irish market. Previously, KBC said it would give customers 90 days to change.

Ukraine

Eighty refugees from Ukraine have arrived at a new “temporary rest centre” in Ballyogan, south Dublin.

The large building belonging to Dún Laoghaire-Rathdown County Council on Ballyogan Road is to be the main hub for displaced Ukrainian nationals in the east of Ireland and is expected to provide short-term respite for 300 residents, before they are only allocated longer-term accommodation. somewhere else.

Speaking at the center’s opening on Thursday, Dún Laoghaire-Rathdown chairwoman Councilor Lettie McCarthy said she was “pleased with the range of services available”.

Mortgages

The average home purchase mortgage for first-time buyers has risen by €20,000 over the past year and now stands at €250,137, according to new figures from the banking industry.

This is the second highest level on record and just €1,700 lower than the peak in the first quarter of 2008.

The latest report from the Banking and Payments Federation Ireland (BPFI) indicates that there has been solid growth in mortgage activity in the first three months of 2021, driven mainly by first-time buyers and re-mortgages/changes.

Garda Recruitment

More and more people from ethnic minorities are applying to work as gardaí, show figures from the latest garda recruitment drive.

People describing themselves as “white Irish” made up 77% of applications, up from 88% in the last garda recruitment drive in 2019.

Those who describe themselves as “Asian/Asian Irish” or “Black/Black Irish” made up 5% of applications this time around, up from 2% in 2019.

Overall, more than 11,000 applications were submitted in the latest recruiting drive, which ended in mid-March, with 800 new recruits expected to join the force as part of admission.